To formalize the approval of Access Bank’s N15 Billion Green Bond issuance by the Securities and Exchange Commission (SEC), the most respected African Bank held a signing ceremony at its Head Office in Victoria Island on Monday, March 18, 2019.

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.

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https://westernpostnigeria.com/access-bank-plc-holds-signing-ceremony-for-n15-billion-green-bond-issuance/

Ftc is now my backyard... shows I will be greater than seun �

as fast i m still second to comment

mean while nice one

Wow

What doest it mean?

When will it go public that I may invest.

419 green bond

Please can somebody explain what it all about

merged with Diamondbank, signed $15 billion bond yet their shares is still trading at N5

Hmmm..

ok

Access bank ti take over

See money! God please answer my call

Buy at your own risk..

Lmao@ africas most respected bank............trash...... Trash ...and more bullshit

15.5% interest rate unsecured loan this people are thieves and must be investigated

Would rather play bet lol

Another way to colllect (steal) people’s money

And issue paper called bonds (promissory notes)

They get money and spend. You get fancy printed paper called bonds.

Good luck collecting in the future. Most Naija banks are useless. Access is probably the worst.

hisexcellency34:
merged with Diamondbank, signed $15 billion bond yet their shares is still trading at N5

Is it supposed to be higher?

If you have no idea what this thread is about, hit like

For the benefit of those who do not understand this concept, let me explain in simpler languages as it relates to this topic.

A bond is an instrument issued by a company (in this case a bank -Access) to investors or holders (I.e people who buy the instruments with their money) with a promise to continue to pay interest (also called the coupon) at periodic intervals (biannually or annually) till the maturity date (e.g 5 years, 10 years etc)

In the past, when investors were fools (laughs), companies used to go to the public to raise money for their businesses in the form of selling shares. Those who buy their shares will be part of the owners of the companies. If the company makes profit you will be paid dividends and if they did not make profit you will not be paid anything at the end of the financial year. The value of your shares can go up or come down depending on the economy or the company's performance. Now, people have discovered that they gain little or nothing by investing through that means. As a result, it is very hard for companies to raise enough capitals now through selling of shares. Investors are wiser. So, they now go through Treasury Bill and Bonds.
You must have seen something like Unsecured Bond here or heard something like guaranteed bonds before.
A guaranteed bond is the type of bond that a company issues in which another company or a third party has promised to pay the interests and principal as agreed if the issuer refuses or fails to pay. While unsecured bond does not have any collateral or third party that can repay in case the issuer fails to pay. This is where the rating comes in. The rating is just to show how safe or risk is it to buy the bonds.

Now, if one invests or buys this Access bond with N1M, he/ she will be paid N155,000 every year as interest for 5 years. At the end of the 5th year the principal amount of N1m will be paid back to the investor. Within this period, the bank must have done businesses with your money and if all things being equal, the bank will make huge profit from using your money to do business.

I wanted to explain further but let's have it like this first.

Hotguy27:
For the benefit of those who do not understand this concept, let me explain in simpler languages as it relates to this topic.

A bond is an instrument issued by a company (in this case a bank -Access) to investors or holders (I.e people who buy the instruments with their money) with a promise to continue to pay interest (also called the coupon) at periodic intervals (biannually or annually) till the maturity date (e.g 5 years, 10 years etc)

In the past, when investors were fools (laughs), companies used to go to the public to raise money for their businesses in the form of selling shares. Those who buy their shares will be part of the owners of the companies. If the company makes profit you will be paid dividends and if they did not make profit you will not be paid anything at the end of the financial year. The value of your shares can go up or come down depending on the economy or the company's performance. Now, people have discovered that they gain little or nothing by investing through that means. As a result, it is very hard for companies to raise enough capitals now through selling of shares. Investors are wiser. So, they now go through Treasury Bill and Bonds.
You must have seen something like Unsecured Bond here or heard something like guaranteed bonds before.
A guaranteed bond is the type of bond that a company issues in which another company or a third party has promised to pay the interests and principal as agreed if the issuer refuses or fails to pay. While unsecured bond does not have any collateral or third party that can repay in case the issuer fails to pay. This is where the rating comes in. The rating is just to show how safe or risk is it to buy the bonds.

Now, if one invests or buys this Access bond with N1M, he/ she will be paid N155,000 every year as interest for 5 years. At the end of the 5th year the principal amount of N1m will be paid back to the investor. Within this period, the bank must have done businesses with your money and if all things being equal, the bank will make huge profit from using your money to do business.

I wanted to explain further but let's have it like this first.

Thanks bro. an investment of N1m with an interest of N155,000 annually is nothing but a waste of time bro...all these banks are nutting but reaper's. I heard inside dailies that CEOs in Financial sector with wherewithal do go cap in hand to the US, borrow at <%4 interest, bring the money in $ to Nigeria...invest in Treasury bills and FGN bonds with %12~ 14 interest...make more money in a short while and leave .

October1960:
Another way to colllect (steal) people’s money

And issue paper called bonds (promissory notes)

They get money and spend. You get fancy printed paper called bonds.

Good luck collecting in the future. Most Naija banks are useless. Access is probably the worst.

The usual Nigerian self-loathing pessimism embodied in this post is simply STUNNING!

komodapson:
Thanks bro. an investment of N1m with an interest of N155,000 annually is nothing but a waste of time bro...all these banks are nutting but reaper's. I heard inside dailies that CEOs in Financial sector with wherewithal do go cap in hand to the US, borrow at <%4 interest, bring the money in $ to Nigeria...invest in Treasury bills and FGN bonds with %12~ 14 interest...make more money in a short while and leave .

Basically, the target investors are not the ordinary people. They are usually Pension Fund Managers and Administrators who are only allowed by regulatory bodies to invest in Bonds, Treasury Bills etc and sometimes, politicians who have stollen enough and do not have any business ideas. Just imagine a politician who has N5B lying idle in a current account with no interest. Such people can invest there with such amount and will be earning N775m per annum. Cool money.