WED 27 APRIL, 2022-theGBJournal | Access Holdings Plc announced Tuesday that its banking subsidiary, Access Bank Plc, has concluded the sale of a US$50 million Step-Up Green Senior Unsecured Notes due 2027 under its US$1,500,000,000 Global Medium Term Note Programme through private placement.
The bank said the notes will be issued in registered form with a settlement date of 03 May 2022 and maturity date of 03 May 2027.
Access Bank says it intend to use the net proceeds from the issuance of the Notes for financing or refinancing, in part or in full, new and/or existing projects and/or assets meeting the eligibility criteria set out in the Bank’s Green Financing Framework dated 18 November 2021.
The Notes will also be listed on the London Stock Exchange and registered under the Reg S rules.
Access Bank said the apex banking regulator, the Central Bank of Nigeria (CBN) has given its ‘No Objection’ and approval to the transaction.
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