Access Bank redeems $500m Eurobond from own FX liquidity, avoids immediate refinancing
On 21 September 2026 Access Bank Plc repaid its $500 million five-year Eurobond in full using the bank's own foreign-currency liquidity, removing the external liability at maturity and avoiding an immediate replacement bond issuance.
The desk brief
On 21 September 2026 Access Bank Plc repaid its $500 million five-year Eurobond in full using the bank's own foreign-currency liquidity, removing the external liability at maturity and avoiding an immediate replacement bond issuance.
The self-funded repayment reduces near-term USD refinancing supply from a large Nigerian issuer, which can modestly ease pressure on Nigerian external funding premia versus higher-beta peers. The effect is conditional on other banks' funding choices and macro drivers; it does not by itself imply a deterministic spread tightening or specific secondary-market repricing.
Monitor Access Holdings' upcoming liquidity or funding disclosures and any new external issuance plans over the next six months.
Sources & verification
Developing storyFurther independent confirmation is required.
- Access Bank clears $500m Eurobond without fresh borrowingbusinessamlive.comSource published (opens in a new tab)
- Access Bank clears $500m Eurobond as five-year debt maturesbusinessday.ng (opens in a new tab)
Public references supporting this brief.
Price Discovery
Nigeria sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- Nigeria 27Nov 2027100.8135.712%
- Nigeria 28Sept 202899.8756.192%
- Nigeria 29Mar 2029104.1256.493%
- Nigeria 30Feb 2030100.8756.839%
- Nigeria 31 JanJan 2031105.6257.177%
- Nigeria 31 JunJun 2031109.6257.137%
- Nigeria 32Feb 2032102.2507.351%
- Nigeria 33Sept 203398.0007.752%
- Nigeria 34Dec 2034114.8757.859%
- Nigeria 36Jan 2036104.1257.987%
- Nigeria 38Feb 203897.8757.982%
- Nigeria 46Jan 2046104.7508.617%
- Nigeria 47Nov 204791.8758.456%
- Nigeria 49Jan 2049106.3758.598%
- Nigeria 51Sept 205195.8758.655%
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