WorldStage Newsonline– Access Holding Plc has informed the Nigerian Exchange (NGX) that its banking subsidiary, Access Bank Plc has concluded the sale of a $50 million step-up Green Notes due 2027 under its $1.5 billion Global Medium Term Note Programme through a private placement.
In a notice at the NGX, the group said the note will be listed in registered form with a settlement date of 03 May 2022 and maturity date of 03 May 2027.
“The proceeds from the issuance of the notes will be used by Access Bank for the financing or refinancing, in part or in full, new and /or existing projects and/or assets meeting the eligibility criteria set out in the bank’s Green Financing Framework dated 18 November 2021,” the notice said.
“The notes will also be listed on the London Stock Exchange and registered under the Reg S rules.”
The Central Bank of Nigeria, Access Bank’s regulator was said to have given its ‘No Objection’ and approval to the transaction.
