• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

Access Bank successfully prices landmark $500m Additional Tier 1 Eurobond.

Chidi Emenike by Chidi Emenike
October 1, 2021
in Company Results, Markets
Share on FacebookShare on TwitterShare on Linkedin

Access Bank Plc has announced the successful pricing of its $500 million 144A/Reg S Additional Tier 1 Eurobond. The offering achieved a pricing of 9.125% yield and coupon recording over 200% over-subscribed order-book which peaked at over $1 billion.

The Additional Tier 1 Eurobond which is issued under the Bank’s Medium Term Note Programme, is a Basel III compliant Perpetual Non-Call 5.25-year Subordinated Note, scheduled to be listed on the London Stock Exchange. It is pertinent to note that the Eurobond may be called anytime from 7th of October, 2021, subject to pre-requisite conditions among which is the Central Bank of Nigeria’s approval.

This information was disclosed by the lender in a statement signed by its secretary, Sunday Ekwochi, and made available on the website of the Nigerian Exchange Limited (NGX).
Commenting on the transaction, the Group Managing Director of the Bank, Dr Herbert Wigwe, said that: ‘’At Access Bank, we remain fully committed to the execution of our vision to become the World’s Most Respected African Bank. This remarkable transaction, which is a first in the Nigerian banking industry, significantly enhances our Tier-1 and Total Capital Ratios, providing significant room for growth and on-going execution of our strategic objectives. It showcases the Bank’s leadership in its marketplace. This issuance on the back of our recently concluded $500 million Senior Eurobond underscores the formidable confidence of a diversified range of global and local investors in the Access Bank strategy.’’

RelatedStories

Access Bank

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 

Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 

June 2, 2025

What you should know:
• Nairametrics had earlier reported plans by Access Bank to issue Additional 5 Year Tier 1 Eurobond, sequel to the successful issuance of a $500m unsecured Eurobond. These issuances are part of the lender’s Global Medium-Term Note Issuance Programme.

• The financial giant also revealed that Citibank, JP Morgan, Mashreqbank and Renaissance Capital will act as Joint Bookrunners of the transaction, while Chapel Hill Denham and Coronation Merchant Bank will act as Financial Advisers and Joint Bookrunners) of the deal.

• Access Bank closed trading on September 30, 2021 with a share price of N9.15.

Tags: Access Bank Plc News
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Related Posts

Access Bank
Financial Services

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 
Corporate deals

Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 

June 2, 2025
Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform
Companies

Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform

May 27, 2025
EFCC, NOUN, Sunflower Hotel
Financial Services

Alleged N5.7 billion fraud: EFCC witness reveals how ex-Bank employee accessed customers’ accounts 

May 16, 2025
#NoNoiseJustSigns: Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m
Companies

#NoNoiseJustSigns: Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m

May 15, 2025
Access Bank
Financial Analysis

Access Bank launches N194 Billion commercial paper: Takeaways for investors

March 22, 2025
Next Post

JAIZ Bank projects profit after tax of N1.03billion in Q4 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Governor Soludo approves N6.154 billion for basic education projects in Anambra 
  • NiMet issues flash flood alert for Akwa Ibom, Sokoto, Bayelsa, 11 other states in Nigeria
  • Nigeria’s oil production falls to 1.45m bpd in May 2025 – NUPRC  

Follow us on social media:

Recent News

UNDP partners with Anambra State to establish Innovation Makerspace 

Governor Soludo approves N6.154 billion for basic education projects in Anambra 

June 14, 2025
Lagos govt warns of heavy rains, possible flash floods in 2025

NiMet issues flash flood alert for Akwa Ibom, Sokoto, Bayelsa, 11 other states in Nigeria

June 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics