Monday, October 13, 2025
25.2 C
Lagos

Access Bank Issues N15bn 5-Year Green Bond at 15%

Access Bank Plc is issuing a 5-year Fixed Rate Senior Unsecured Green Bond Issuance of up to N15.0billion which is the first ever Climate Bonds Standard Certified Corporate Green Bond issued in Africa.
According to Afrinvest Research, the net proceeds from the Issue will be applied towards financing/ re-financing identified eligible green assets and projects, duly verified and certified by Climate Bonds initiative (CBi), in line with the global Climate Bonds Standard.

Issuer Access Bank Plc
Issue Size Up to ₦15.0bn
Bond Description 5 Year [•] % Fixed Rate Senior Unsecured Green Bonds due 2024
Status of the Notes Fixed Rate Unsecured Green Bonds
Pricing Guidance 14.90% to 15.10% per annum
Tenor Five (5) Years
Issuer Rating  ‘Aa-’, Agusto & Co Limited
Bond Rating ‘Aa-’, Agusto & Co. Limited
  ’B2’, Moody’s
Book Build Opens Thursday, February 21, 2019
Book Build Closes Thursday, February 28, 2019
Allocation Thursday, February 28, 2019
Funding of Commitment Friday, March 01, 2019
Subscription Minimum of ₦5,000,000 (i.e. 5,000 units at ₦1,000/unit) and multiples of ₦1,000,000 thereafter
Use of Proceeds Water – Flood Defense – 84.80%
  Solar – Generation facilities – 11.73%
  Agriculture – 1.27%
  Offer cost – 2.19%
Listing FMDQ OTC Plc and/or The Nigeria Stock Exchange (NSE)
spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Supports UAC on Acquisition of CHI with Investment Banking Solution

Stanbic IBTC Holdings Plc proudly supported UAC of Nigeria...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Unity Bank MD Celebrates Resilient Frontline Staff, Reaffirms Commitment to Customer Service Excellence

The Managing Director/Chief Executive Officer of Unity Bank Plc,...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Stanbic IBTC Bank Hosts Strategic Forum to Arm Clients with Economic Clarity

Stanbic IBTC Bank has taken a significant step in...

Topics

NNPC Disclaims Report on Alleged Inflated Subsidy Claims 

The Nigerian National Petroleum Company Limited (NNPC) notes with...

FOR THE RECORD

ACCEPTANCE SPEECH BY THE NEWLY ELECTED CHAIRMAN OF THE...

IMF Projects 4.5% Growth for Sub-Saharan Africa in 2015

Unveiling the April 2015 IMF Regional Economic Outlook: Sub-Saharan Africa, Ms. Antoinette Sayeh, Director, IMF African Department commented: “Sub-Saharan Africa’s economy is set to register another year of solid economic performance with growth expected to expand 4½ percent in 2015. The region will continue being one of the fastest growing in the world second only to emerging and developing Asia.

Sterling Bank Implements Blockchain Solution for SPPG

Sterling Bank, a leading financial institution committed to driving...

Asankoko Group Plans Malaysia, Nigeria Bilateral Trade, Investment from Epe (Lagos)

L-R: Prince Olawale Sulaiman Ayinla, CEO of Asankoko Group;...

MTN Appoints Awobodu First Nigerian Chief Financial Officer

The appointment of Adekunle Awobodu has been announced as...

Security of Data/Systems Top IT Priority in Africa, ME

Ensuring high levels of security of data and systems,...

ExxonMobil Completes Russia Exit, Alleges Expropriation of Operation

Exxon Mobil Corporation completed its exit from Russia, calling...
spot_img

Related Articles

Popular Categories

spot_imgspot_img