WED, 01 JUNE, 2022-theGBJournal| Zenith Bank Plc, Nigeria’s largest and Africa’s twelfth largest bank by Tier 1 capital, has redeemed the balance of $107.4 million of its $500 million Eurobond Notes due May 30, 2022, the bank announced Tuesday.
‘’This is a further demonstration of the bank’s highly diversified and robust funding sources, and its impeccable pedigree and track records in treasury management,’’ the banks management said.
The Eurobond was issued on May 30, 2017, as the second tranche of the bank’s $1 billion Global Medium Term Note Programme, with 5-year tenor and coupon of 7.375%. The bank had in September 2019, redeemed $393.6 million of the Notes through Cash Tender Offer ahead of its maturity date of May 30, 2022.
Zenith Bank has over the years, maintained a deep understanding of the market and its operating environment to sustain excellent results, an indication of its robust enterprise risk management framework and strong corporate governance.
The bank has also consistently demonstrated market leadership, growth capacity, a solid and liquid capital base, good returns on investment and excellent customer service.
Twitter-@theGBJournal| Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com
