Access Bank redeems US$500m senior unsecured Eurobond at maturity

On 21 September 2026 Access Bank Plc redeemed its US$500 million senior unsecured Eurobond at maturity. The bank said the repayment was funded entirely from its own foreign-currency liquidity, discharging the issuer's obligations under the bond and removing the US$500m principal from its outstanding Eurobond liabilities.

The on-time repayment reduces near-term rollover risk for Access Bank and modestly eases refinancing pressure on Nigerian bank senior unsecured curves, conditional on the stated use of own FX liquidity and absence of offsetting funding drains. The development may support sentiment on Nigerian bank spreads, but does not itself guarantee spread compression absent broader funding improvements or liquidity gains across peers.

Monitor Access Bank's next scheduled international debt maturity and any announced plans for external issuance or funding replacements.