Access Bank Repays $500m Eurobond Using Own Liquidity

Access Bank has successfully redeemed its $500 million senior unsecured Eurobond that matured on September 21, 2026. The repayment was funded entirely from the bank's own foreign-currency liquidity, in line with its asset-liability management framework.

The Eurobond was issued in September 2021 with a five-year tenor and a 6.125 per cent coupon rate. Throughout the five-year period, Access Bank made all semi-annual coupon payments on the bond as they fell due.

Managing Director and Chief Executive Officer of Access Bank, Roosevelt Ogbonna, said that meeting this maturity from their own balance sheet affirms the strength of their funding position and the discipline with which they manage their capital and liquidity.