November 24, 2024
Access Bank

Access Bank Plc has issued a five-year fixed rate senior unsecured green bond to the tune of N15 billion making it the first corporate green bond to be issued in Africa.

The bond offer, which was achieved by a bookbuild and was fully subscribed, was priced at 15.5% with participation from asset managers and pension fund administrators.

The bond has already been awarded an Aa-rating by Agusto & Co. In anticipation of the issuance, the management of Access Bank had launched the Nigerian Green Bond Market Development Programme in partnership with FMDQ OTC Securities Exchange and the Securities & Exchange Commission.

“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 opportunities in a fast-developing low carbon economy,” Hebert Wigwe, the bank’s group managing director, said at the signing ceremony.

The bank said the new funding will be directed towards financing new loans and refinancing existing loans in accordance with the bank’s green bond framework, and support projects directed at flood defence, solar generation facilities and agriculture.

Chapel Hill Denham was the lead issuing house on the green bond issuance, whilst the joint issuing house was Coronation Merchant Bank.

28 thoughts on “Access Bank Issues Africa’s First Corporate Green Bond.

  1. I just want to mention I’m very new to blogging and certainly savored this web site. Most likely I’m want to bookmark your blog . You surely have remarkable stories. Kudos for revealing your blog.

  2. I just want to tell you that I am very new to blogs and really liked this web-site. Probably I’m planning to bookmark your blog . You actually have good writings. Kudos for revealing your website page.

  3. 851842 143907Extremely very good post, thanks a whole lot for sharing. Do you happen to have an RSS feed I can subscribe to? 685056

  4. 786507 557199You can surely see your skills within the function you write. The world hopes for much more passionate writers like you who arent afraid to say how they believe. At all times follow your heart 167689

  5. 695864 912478Spot lets start work on this write-up, I really believe this amazing site requirements significantly far more consideration. Ill apt to be once again to read a great deal more, many thanks for that information. 11970

  6. 978653 551274Not long noticed concerning your internet internet site and are nonetheless already reading along. I assumed ill leave my initial comment. i do not verify what saying except that Ive enjoyed reading. Nice blog. ill be bookmarking keep visiting this internet internet site genuinely generally. 861023

  7. 596927 176501The when I just read a blog, Im hoping that this doesnt disappoint me approximately this 1. Get real, Yes, it was my method to read, but When i thought youd have something fascinating to state. All I hear is a number of whining about something that you could fix really should you werent too busy trying to discover attention. 825592

  8. 170114 361230Id need to verify with you here. Which isnt something I often do! I enjoy studying a publish that can make men and women feel. Also, thanks for permitting me to remark! 390139

Leave a Reply

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