Access Bank floats new Eurobond issuance

27 Sep Access Bank floats new Eurobond issuance

Access Bank Plc has authorised its professional financial advisers and partners to launch the process that is expected to lead to issuance of a new Eurobond.

Access Bank at the weekend stated that it has mandated Citi, JP Morgan, Renaissance Capital and Mashreq Bank as joint bookrunners as well as Chapel Hill Denham and Coronation Merchant Bank as Joint financial advisers to set-up a global investor call today towards the issuance of a new Eurobond.

In a regulatory filing at the Nigerian Exchange (NGX) Limited, Access Bank stated that the global investor call is a step towards the issuance of additional dollar-denominated tier-1 Eurobond under the bank’s global medium-term note programme, subject to market conditions.