Stakeholders in the finance industry have urged the private sector to support the federal government’s drive to finance the infrastructure deficit in the country.
Speaking, the Director-General, Debt Management Office (DMO), Ms Patience Oniha, asserted that the government alone cannot address the country’s infrastructural needs, as the funds are not available.
Oniha who was represented by Joe Ugoala, Director, Operational & Research Department at DMO, however, noted that there is room for more borrowing to finance infrastructure, stressing that investors have a huge interest in the country’s infrastructure development.
According to him, “We need to build the capacity of our people; government and the organised private sector have a role to play. I believe that the government and private sector development partnership will help.”
Chartered acts as joint lead manager on Access Bank Eurobond
The Senior Eurobond is a 5-year unsecured note (144A/RegS) under Access Bank’s US$1.5 billion Global Medium-Term Note Programme and is listed on the main market of the London Stock Exchange.
The bond matures in September 2026 and was issued with a yield and coupon of 6.125% with interest payable semi-annually in arrears.
According to the bank, the offering achieved the lowest (outstanding) Nigerian bank Eurobond coupon, supported by an over 3 times oversubscribed order book of over US$1.6 billion, which represents the largest order book ever for a Nigerian bank Eurobond transaction.
Standard
Chartered acts as joint lead manager on Access Bank Eurobond
Standard Chartered Bank, alongside three other banks, has acted as Joint Lead Manager for Access Bank Plc on its US$500m Senior Eurobond Issuance.
The Senior Eurobond is a 5-year unsecured note (144A/RegS) under Access Bank’s US$1.5 billion Global Medium-Term Note Programme and is listed on the main market of the London Stock Exchange.
The bond matures in September 2026 and was issued with a yield and coupon of 6.125% with interest payable semi-annually in arrears.
According to the bank, the offering achieved the lowest (outstanding) Nigerian bank Eurobond coupon, supported by an over 3 times oversubscribed order book of over US$1.6 billion, which represents the largest order book ever for a Nigerian bank Eurobond transaction.
Source: Vanguard
