Access Bank Completes $500 Million Eurobond Redemption

Access Bank Plc has redeemed its $500 million Senior Unsecured Eurobond following its maturity on September 21, 2026. This marks the conclusion of a five-year international debt issuance initiated in September 2021 under the bank’s Global Medium-Term Note Programme, which had a five-year tenor and a coupon rate of 6.125%.

The redemption was executed through Access Bank Plc and was fully funded from its foreign-currency liquidity resources, aligning with its asset-liability management strategy. The repayment was incorporated into the bank's liquidity planning framework, ensuring no adverse impact on operations or regulatory compliance.

Roosevelt Ogbonna, the Managing Director and CEO of Access Bank Plc, stated that the successful repayment underscores the bank’s financial strength and disciplined liquidity management. Access Bank had issued the Eurobond in 2021, attracting significant interest and generating a record $1.6 billion order book.

The bank continues to focus on strengthening shareholder value and has reported N1.007 trillion in profit for the 2025 financial year.