Access Bank Plc holds Signing Ceremony for N15 Billion Green Bond Issuance

Access Bank Plc (“Access Bank” or the “Bank”) – a leading Nigerian multinational commercial bank – is
pleased to announce the issuance of a 5-year Fixed Rate Senior Unsecured N15,000,000,000 Green
Bond (‘’the Green Bond Issuance” or ‘’the Issue”); the first ever Climate Bonds Standard fully certified
corporate Green Bond to be issued in Africa.

The 5-year Fixed Rate Senior Unsecured Green Bond has been awarded an Aa- rating by Agusto & Co,
the underlying framework verified by PwC (UK) and the Bonds certified by the Climate Bonds Initiative
as having met the global Climate Bonds Standard. The offer for the Green Bonds was achieved by way
of a Book Build which was fully subscribed. The Bonds priced at a coupon of 15.5%, with participation
from a wide range of asset managers and pension fund administrators.
The management of Access Bank had, in anticipation of the Issuance, launched the Nigerian Green
Bond Market Development Programme in June 2018, in partnership with FMDQ OTC Securities
Exchange and the Securities & Exchange Commission.
Access Bank supports the global climate change mitigation and adaptation agenda and seeks to
promote responsible green lending globally. The Green Bond Issuance demonstrates the Bank’s
commitment to sustainable operational practices and being a pioneer operator, both in domestic and
international capital markets, Access Bank views the global drive for responsible and sustainable green
financing as an opportunity to raise capital for the creation of assets through climate change financing.
The Bank has a strong track record in deploying environmental and social risk management tools,
partnering with local and international agencies to deliver a greener outcome from investing activities.
Over the last five years, the Bank has pioneered various resource conservation programmes in water
usage, energy consumption and waste recycling, aimed at reducing carbon emissions. It is worthy to
note that all the Bank’s sustainability efforts are well aligned with the Federal Government’s Nationally
Determined Contributions (NDCs), the UN Sustainable Development Goals (SDGs), the Economic
Recovery and Growth Plan (ERGP) and Vision 2020:20.
The quality of the Bank’s contributions to sustainable financial practices is also evident in the increasing
local and international awards and accolades received, which include – Karlsruhe Sustainable Finance
Award for Outstanding Business Sustainability & Outstanding Sustainability Leader (2018); Euromoney
Award for Africa’s Best Bank for Corporate Social Responsibility (2018); Global Finance Awards for Most
Sustainable Bank in Nigeria (2018) and Central Bank of Nigeria Sustainability Award(s) for Sustainable
Bank of the Year (2017).
Speaking on this landmark Issue, the Bank’s Group Managing Director, Mr. Herbert Wigwe said:
“With our pace-setting experience in the mainstreaming of sustainability in our business operations,
we are confident that this issue with further help in supporting environmentally friendly investors to
meet their investment objectives whilst simultaneously supporting the Bank’s customer towards
realizing growth opportunities in fast-developing low carbon economy”
The new funding will be directed towards financing new loans and refinancing existing loans in
accordance with the Bank’s Green Bond Framework, and support projects directed at Flood Defense,
Solar Generation facilities and Agriculture.
Chapel Hill Denham was the Lead Issuing House on the Green Bond Issuance, whilst the Joint Issuing
House was Coronation Merchant Bank
About Access Bank Plc.
Access Bank Plc is a full service commercial Bank operating through branches and service outlets
located in major centres across Nigeria, Sub-Saharan Africa as well as the United Kingdom, with
representative offices in China, Lebanon and the United Arab Emirates (Dubai). The Bank provides a
wide range of banking and other financial services to over 10 million customers from 400 branches and
service centres with total assets of ₦4.6trillion, all as at September 30, 2018. Access Bank is one of the
five largest banks in Nigeria in terms of assets, loans and deposits, and is ranked as one of Africa’s top
20 banks by total assets and capital. The Bank’s strategy focuses on the pursuit of building sustainable
practices, innovation, superior service delivery and employee empowerment.
Access Bank Plc is publicly listed on the Nigerian Stock Exchange and the Bank’s debt instruments are
listed on the London Stock Exchange and the Irish Stock Exchange. The Bank’s financial products and
services include corporate and trade finance operations, treasury and investment services, retail
banking products and services (including current and savings accounts, credit cards, automated teller
machine (“ATM”) services, electronic banking and retail lending), money market activities and private
banking services/wealth management.
As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business
practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable,
environmentally responsible and socially relevant.
More information can be found at:
Investor Enquiries: Email

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