(Ecofin Agency) – In Nigeria, the Securities and Exchange Commission has granted access to its total bonds of NGN15 billion ($ 41.5 million).
This bond will have a maturity of five years and has an interest rate fluctuating between 14.90% and 15.10%. Investors' subscriptions are awaited between February 21 and 28. It is worth mentioning that Moody's rating for this bond is B2.
Access Bank is the first African bank to issue bonds that comply with the standard Climate Bond Initiative. In June 2018, the bank and the market regulator launched a program for the development of a green bond market in Nigeria.