Access Bank Plc Raises N15bn to Finance Green Projects


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Goddy Egene

Access Bank Plc has successfully the issued a 5-year Fixed Rate Senior Unsecured N15 billion Green Bond, the first ever Climate Bonds Standard fully certified corporate green bond to be issued in Africa.

The bond has been awarded an Aa- rating by Agusto & Co, the underlying framework verified by PwC (UK). The offer was achieved by way of a Book Building, which was fully subscribed. The bond priced at a coupon of 15.5 per cent, had participation from a wide range of asset managers and pension fund administrators.

Commenting on the landmark issue, Group Managing Director, Access Bank Plc, Mr. Herbert Wigwe said: “With our pace-setting experience in the mainstreaming of sustainability in our business operations, we are confident that this issue with further help in supporting environmentally friendly investors to meet their investment objectives whilst simultaneously supporting the bank’s customer towards realizing growth…

Source: Thisday Newspaper