Access Bank Raises US$50 Million to Finance New and Existing Projects

Access Bank Plc on Wednesday announced it has concluded the sale of US$50,000,000 Step-Up Green Notes due 2027 under its US$1.5 billion Global Medium Term Note Programme via a private placement.

According to the bank, the notes will be issued in registered form with a settlement date of 03 May 2022 and a maturity date of 03 May 2027. The lender plans to use the net proceeds from the issuance for the financing or refinancing of new and existing projects.

In the statement signed by Sunday Ekwochi, Company Secretary, Access Bank, the notes will also be listed on the London Stock Exchange and registered under the Reg S Rules.

The Central Bank of Nigeria approved the transaction and has given its “No Objection.”