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) |
