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
Henos Energy launches first drive-thru LPG outlet in Ghana
Henos Energy has officially commissioned Ghana’s first Drive-Thru Cylinder Distribution Outlet (CDO) at East Legon Hills in Accra,…
ByCoronation Insurance concludes year-long recapitalisation under new Insurance Act
Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements under the…
CIC Insurance launches new CIC Impact
-To target Kenya’s microinsurance market CIC Insurance Group has officially launched CIC Impact, a specialized microinsurance subsidiary aimed…
Africa50 Appoints Djalal Khimdjee as new CEO, Principal Investment Fund
Africa50, the pan-African infrastructure investment platform, has appointed Djalal Khimdjee as Chief Executive Officer of its Africa50 Principal Investment Fund (formerly Africa50…
Gallery
