Access Bank announces successful pricing of $500m Additional Tier 1 Eurobond

Access Bank has announced the successful pricing of the landmark $500m capital issuance through the first additional tier 1 Eurobond out of Nigeria.

The offering achieved a pricing of 9.125% yield and coupon recording over 200% over-subscribed order book which peaked at over $1 billion.

This Additional Tier 1 Eurobond which is issued under the bank’s Medium Term Note Programme is a Base III compliant Perpetual Non-Call 5.25-year Subordinated Note to be listed on the London Stock Exchange.

The Eurobond may be called anytime from 7 October 2026, subject to conditions including the Central Bank of Nigeria’s approval.

Leave a Reply

Your email address will not be published.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