Modupe Gbadeyanka
By Modupe Gbadeyanka
The N15 billion senior unsecured green bonds recently issued by Access Bank Plc have now been listed on the trading floors of the Nigerian Stock Exchange (NSE) and the FMDQ OTC Securities.
A notice from the NSE disclosed that the bonds were admitted on the NSE on Tuesday, April 02, 2019, while FMDQ listed the debt instrument on Monday, April 1, 2019.
Last month, the financial institution sold the N15 billion worth of the green bonds to investors at 15.50 percent for a 5-year tenor.
The green bonds were awarded an Aa- rating by Agusto & Co and certified by the Climate Bonds Initiative, having met the global climate bonds standard.
In June 2018, Access Bank launched the Nigerian Green Bond Market Development Programme in partnership with FMDQ and the Securities and Exchange Commission (SEC).
“Dealing members are hereby notified that Access Bank Plc’s N15,000,000,000, 5-Year 15.5% Fixed Rate Senior Unsecured Green Bonds due 2024, issued by way of Book Building to qualified institutional investors and high net worth individuals, were today, Tuesday, April 2, 2019 listed on the exchange,” the notice from the NSE said.
