Access Holding Plc has notified the Nigerian Exchange that its banking subsidiary, Access Bank Plc has concluded the sale of a $50m Step-Up Green Notes due in 2027 under its $1.5 billion Global Medium Term Note Programme through a private placement.
The Notes will be issued in registered form with a settlement date of May 3rd 2022 and with a maturity date of May 3rd, 2027.
The net proceeds from the issuance of the Notes, will be used by Access Bank for the financing and the refinancing, in par or in full, new and/or existing projects and/or assets meeting the eligibility criteria set out in the Bank’s Green Financing Framework dated 18 November 2021.
According to the Bank, the Notes will also be listed on the London Stock Exchange and Registered under the Reg S rules.
The Central Bank of Nigeria has given its ‘No Objection’ and approval to the transaction.