Monday, April 01, 2019 05.30PM / Bukola Akinyele and Nifemi Taiyese for Proshare WebTV
Access Bank Plc one of Nigeria’s leading financial institutions made history today, as it launched Nigeria’s first Certified Green Bond at the FMDQ OTC Exchange.
At the listing ceremony Ms. Tumi Sekoni Associate Executive Director, Capital Markets, FMDQ OTC Exchange acknowledged this as the first corporate CBI bonds in Africa, that will help develop the green bond markets in the continent.
Sekoni said the essence of the collaboration between FMDQ and the Bank was to help develop the financial ecosystem, with Access Bank serving as a pace-setter for others in the climate finance.
According to her “FMDQ OTC Exchange prides itself with working harmoniously with other partners in a bid to develop the market before tapping into it”.
Delivering the special address Mr. Herbert Wigwe Group Managing Director, Access Bank PLC said the listing was critical to the green bond initiative, which is to further protect the continent.
“We created in Nigeria sustainability banking principles and we partner with the Central Bank of Nigeria. We have won all sustainability bank awards on the continent”. Wigwe said.
Speaking further at the event , the GMD of Access Bank said ,“Today we are celebrating the first listing of the climate certified green bond, which will hopefully open up the market for several other green initiatives”.
The Managing Director, Chapel Hill Denham Advisory Limited Mrs. Olukemi Awodein lauded Access Bank Plc for emerging the first corporate institution to sign the green bond initiative.
Mrs. Olukemi said the green bond is a platform to raise financing that will help preserve the climate.
Ms Kaodi Ugoji, Associate Executive Director, Capital Markets FMDQ OTC Exchange giving her remarks on behalf of the MD/CEO commended Access Bank Plc for the listing of the pioneer green bond.
She also noted that Sustainability Finance Sub-Committee in the FMDQ played a key role in developing a framework for the listing, and expects more activities from other financial institutions.
The Green bond listed by Access Bank Plc has a N15bn value with a coupon of 15.50% and bond maturity in 2024.