FMDQ Lists Access Bank’s N15bn Green Bonds

FMDQ OTC Securities Exchange, yesterday, admitted Access Bank Plc’s N15 billion green bonds for trading on its platform.

The five-year, 15.5 percent, Fixed Rate Senior Unsecured Green Bond due 2024, is the pioneer climate bonds standard certified corporate green bond issued in Africa.

The proceeds from the issuance will be used to finance/re-finance eligible green assets and projects that will support the delivery of a low-carbon economy.

Speaking at the bond listing ceremony at the FMDQ in Lagos, Ms. Tumi Sekoni, Associate Executive Director, Capital Markets, FMDQ, congratulated Access Bank for the successful issuance, saying the green bond would help address climate and environmental challenges in a sustainable manner to deliver prosperity for Nigerians.

According to her, the issuance of the green bonds by Access Bank would further deepen the domestic debt capital market by increasing the range of investible debt securities in the markets.

Group Managing Director, Access Bank, Mr. Herbert Wigwe, speaking on the green bonds issuance, stated that “with our pace-setting experience in the mainstreaming of sustainability in our business operations, we are confident that this issue will further help in supporting environmentally friendly investors to meet their investment objectives whilst simultaneously supporting the bank’s customer towards realising growth opportunities in the fast-developing low carbon economy.”