Access Holding Plc has notified the Nigerian Exchange (NGX) that its banking subsidiary, Access Bank Plc has concluded the sale of a $50 million step-up Green Notes due 2027 under its $1.5 billion Global Medium Term Note Programme through a private placement.
In the notice signed by the company secretary, Mr Sunday Ekwochi, the group said the note will be listed in registered form with a settlement date of 03 May 2022 and maturity date of 03 May 2027.
According to the firm, the notes would be used for projects that meet the “criteria set out in the bank’s green financing framework dated November 18, 2021.”
“The proceeds from the issuance of the notes will be used by Access Bank for the financing or refinancing, in part or in full, new and /or existing projects and/or assets meeting the eligibility criteria set out in the bank’s Green Financing Framework dated 18 November 2021,” the notice said.
“The notes will also be listed on the London Stock Exchange and registered under the Reg S rules”, it said.
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