Access Holdings Plc said its banking subsidiary, Access Bank Plc has successfully priced a $50 million Reg S Step-Up Green Notes due 2027 in the international capital market via a private placement.
This is contained in notice to the Nigerian Exchange, that this US Dollar offering represents the second green bond issuance by Access Bank, following its debut Naira Green Bond issuance in 2019.
“The bond is a 5-year senior unsecured note under Access Bank’s $1.5 billion Global Medium-Term Note Programme and is listed on the main market of the London Stock Exchange,” the notice said.
“The net proceeds from the bond will be used for the financing or refinancing of existing projects and/or assets meeting the eligibility criteria set out in the programme.”
On bond issuance, the bank’s Managing Director/CEO, Mr Roosevelt Ogbonna, said “Our vision at Access Bank remains to be the World’s Most Rspected Bank and Africa’s gateway to the World as we strive to do so in a sustainable way. This bond represents another milestone for the bank and is a testament to our culture of global collaboration and innovation as we extend the frontiers of financial services across the continent.”
Chief Risk Officer, Dr Gregory Jobome said: Al”Access Bank’s successful second green bond issuance in 3 years demonstrates our strong commitment to the environmental, social and governance principles embedded in our mission, and we look forward to continually delivering on our sustainability objectives.”
Standard Chartered acted as sole arranger and sustainability structuring agent on the transaction.
