Access Bank Secures $93m Syndicated Loan

Posted by - August 17, 2020

Access Bank Plc has announced the signing of a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO), the French private sector development bank (Proparco), and leading investment firm, Symbiotics. The tier-II capital facility was structured as a “10 years non-call 5 years” subordinated debt instrument, benefitting the bank for a