Access Bank Plc has redeemed its $500 million Senior Unsecured Eurobond, which matured on Monday, September 21, 2026. The bank said the repayment was funded entirely from its own foreign-currency liquidity resources.
The Eurobond was issued in September 2021 with a five-year tenor and a coupon rate of 6.125%. Since the issuance, Access Bank said it had met all semi-annual coupon payment obligations as they fell due.
According to the bank, the redemption discharges all its obligations under the Eurobond and was incorporated into its liquidity management framework.
Access Bank said the repayment will have no adverse impact on its operations or regulatory liquidity requirements, adding that the transaction was consistent with its asset-liability management framework and the maturity profile anticipated when the bond was issued.
Roosevelt Ogbonna, Managing Director and Chief Executive Officer of Access Bank Plc, said the redemption demonstrated the bank’s funding position and balance-sheet discipline.
“This redemption reflects the strength of Access Bank’s franchise, the discipline of our balance sheet management, and our continued commitment to meeting obligations to investors and stakeholders in a timely and transparent manner.”
Ogbonna added that settling the maturity from the bank’s own balance sheet reflected the strength of its funding position and its approach to managing capital and liquidity.
The bank said it would continue to maintain a diversified funding base to support growth and meet its commitments to customers, investors, regulators and other stakeholders across its markets.
The redemption comes as Nigerian banks continue to manage foreign-currency funding obligations amid tighter requirements around liquidity, capital and balance-sheet management.
