Access Bank Plc has announced its intention to list its N15 billion 15.50 percent fixed rate unsecured climate-credential green bond with five-year maturity on the Luxembourg Stock Exchange.
The bank in a statement to the Nigerian Stock Exchange on Monday informed the investing community that it had applied to list the green bonds on the LuxSE, but stressed that the paper would not be traded on the stock exchange.
The statement signed by its Company Secretary, Sunday Ekwochi said, “Access Bank Plc wishes to notify the Nigerian Stock Exchange and the investing public that the bank has applied to the Luxembourg Stock Exchange for the admission of the above mentioned instrument on the official list of LuxSE. Please note that the Bonds would not be traded on LuxSE.”
Access Bank recently listed the N15 bn green bond on the Nigerian Stock Exchange and the FMDQ OTC Securities Exchange.
The five-year, 15.5 per cent fixed rate senior unsecured green bonds, which would mature on March 18, 2024, was described as the first-ever climate bonds standard certified corporate green bond to be issued in Africa.
The Group Managing Director/Chief Executive Officer, Access Bank Plc, Mr Herbert Wigwe, while speaking on the bond stated, “With our pace-setting experience in mainstreaming of sustainability in our business operations, we are confident that this green bond will further help in supporting environmentally friendly investors to meet their investment objectives, while simultaneously supporting the bank’s customer towards realising growth opportunities in the fast-developing low carbon economy.”