Zenith Bank Plc redeems $500m Eurobond
Zenith Bank Plc has redeemed the balance of $107.4million of its $500million Eurobond Notes due May 30, 2022.
The bank said it further demonstrates its highly diversified and robust funding sources, and its impeccable pedigree and track records in treasury management.
The Eurobond Notes were issued on May 30, 2017, as the second tranche of the bank’s $1billion Global Medium Term Note Programme, with a 5-year tenor and coupon of 7.375%.
Zenith Bank had in September 2019 redeemed $392.6million of the Notes through a Cash Transfer Offer ahead of its maturity date of May 30, 2022.
Related Posts
Absa Bank Kenya, Unilever launch new Billion-KSH SME financing deal
Absa Bank Kenya and Unilever Kenya have partnered to launch a KES4 billion ($30.9 million) financing programme aimed…
By
Diageo names John Musunga new Managing Director for Africa
Global beverages giant Diageo has named seasoned executive John Musunga as its new Managing Director for Africa. The…
Unilever Nigeria Strengthens Leadership with New Executive Director
Unilever Nigeria Plc has appointed Modupe Femi-Okunbanjo as an Executive Director following the resignation of Ibrahim Sodipe, with the appointment taking…
UBA commits a whooping $20bn to Boost Ghana’s Business Growth
United Bank for Africa (UBA) has reaffirmed its commitment to Ghana’s economic transformation by pledging to leverage its…
Gallery
