WorldStage– Access Holdings Plc has announced that its flagship subsidiary, Access Bank Plc, has fully redeemed its $500 million Senior Unsecured Eurobond, which reached maturity on September 21, 2026.
According to an official corporate disclosure signed by Company Secretary Sunday Ekwochi and submitted to the Nigerian Exchange Limited (NGX), the repayment was funded entirely from the lender’s internal foreign currency liquidity reserves.
Key Highlights of the Bond Redemption:
- Issuance & Coupon Details: The five-year debt instrument was originally issued in September 2021 carrying a coupon rate of 6.125%. The bank consistently serviced all semi-annual coupon obligations throughout the five-year tenor.
- Funding Source: The $500 million principal payout was executed entirely using Access Bank’s internal foreign currency liquidity resources in alignment with its asset-liability management framework.
- Balance Sheet Impact: The full redemption completely discharges the bank’s debt obligations under the Eurobond without impacting its operational requirements or regulatory liquidity ratios.
Commenting on the redemption, Mr. Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, stated that meeting the maturity from the bank’s internal balance sheet underscores the strength of its franchise, robust financial discipline, and commitment to delivering value and maintaining trust across global capital markets.
