Access Bank Eurobond Yield: 10.75 %

by | October 17, 2016 12:00 am

Nigeria’s Access Bank priced its $350 million Eurobond at a yield of 10.75 percent, last week. This is the first tranche under its U.S $1,000,000,000 Global Medium Term Note Programme. Nigerian banks are scrambling to raise funds amid fears over rising non performing loan ratios, and tightening foreign currency liquidity. UBA, United Bank for Africa…

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