ACCESS Announces Early Redemption of Its US$400m Subordinated Unsecured Notes

Thursday, May 30, 2019 11:00AM / NSE 

Access Bank Plc (the “Issuer’) hereby notifies the Nigerian Stock Exchange and the public that it intends to exercise its option to redeem the USD400 million subordinated unsecured notes at a fixed rate of 9.25%, due 2021.

The USD400 million subordinated bonds, issued in June 2014 by Access Bank Plc, will be redeemed on June 24, 2019, with accrued interest.

Following such redemption, the Bonds will be cancelled and there will be no Bonds outstanding. The Issuer intends to complete any formalities relating to the delisting of the Bonds from the regulated market of the Irish Stock Exchange as soon as possible.

Visit Access Bank Plc IR Page  in Proshare MARKETS

Graph 1: Access Bank Plc – One Year Share Price Movement

Table: Unaudited Q1 2019 Results 

Related News

1. Access Bank Q1 2019 Results Review: Still Sizable Upside Potential Post Q1 Results
2. ACCESS Declares N41.15bn PAT in Q1 2019 Results,(SP:N6.05k)
3.  ACCESS Declares N41.15bn PAT in Q1 2019 Results,(SP:N6.05k)
4. Diamond Bank Shareholders: How To Process N1 Cash Payment Arising From Scheme of Merger
5. NSE Lists Additional Shares Arising from the Scheme of Merger between ACCESS and DIAMONDBNK
6. Access Bank Ratings Affirmed; Outlook Stable; Diamond Bank Ratings Discontinued On Effective Merger
7. ACCESS Updates on Scheme Consideration of Cash and Shares for Shareholders of DIAMONDBNK
8. Full Suspension of Trading In Shares Of Diamond Bank Plc - NSE
9. Access Bank Plc Holds Signing Ceremony for N15 Billion Green Bond Issuance
10. Access Bank Plc Obtains Court Sanction Of The Merger With Diamond Bank