Access Holdings Plc announced on Wednesday that its subsidiary, Access Bank Plc, has successfully priced a $50-million Reg S Step-Up Green Notes due 2027 in the international capital market through a private placement.
This dollar offering represents the Bank’s second Green Bond issuance following its debut Naira Green Bond offering in 2019.
The Step-Up puttable Green Bond is a five-year Senior Unsecured Note Under Access Bank’s $1.5 billion Global Medium-term Note Programme, which is listed on the Main Market of the London Stock Exchange.
“The Green Bond matures in May 2027 with an investor put option, commencing May 2024,” Access said in the statement
Nigeria has not performed well on the issuance of green bonds. To date, only the federal government and two other entities (Access Bank Plc and North-South Power Company Plc) have raised certified green bonds.
Daily Trust
Wonderful blog! Do you have any tips for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any tips? Bless you!