Access Bank plans to list N30bn bond on NSE

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Nigeria’s leading retail bank, Access Bank Plc has made known its scheme to itemize a N30bn Tier II bond on the Nigerian Stock Exchange (NSE).

Consequently, statement obtained from the NSE, the Bank said, it had concluded the process of the issuance of its N30bn Tier II bond, following the approvals of the Securities and Exchange Commission SEC and the Central Bank of Nigeria. Meanwhile they said the bond had a period of seven years as it would be due in 2026.

Therefore, a bit of the statement said “The bank has obtained the Central Bank of Nigeria’s ‘No Objection’ to the bond issuance as well as the Securities and Exchange Commission’s approval.

“Access Bank will undertake a listing of the bond on the Nigerian Stock Exchange imminently. It noted.

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