4th October 2019
Wigwe and Partners is proud to have participated as Solicitors in the Access Bank Plc N15 Billion Green Bond Issue in Nigeria.
The official unveiling of the Green Bonds Issuance Rules by the Securities and Exchange Commission of Nigeria (“SEC” or “Commission”) in 2018 offered States, Local Governments, Government, Corporate and Supranational agencies the opportunity to engage in financial investments, promote economic growth while fulfilling climate change objectives. This all-encompassing balance in financial investments assets, environmental preservation and worthwhile returns have made the Green Bond worthy of more than a cursory view.
The Access Bank Plc Green Bond is a 5-year Fixed Rate Senior Unsecured Green Bond of up to N15 Billion, and the first Climate Bonds Standard Certified Corporate Green Bond to be issued in Africa. The Bond has been awarded a B2 rating by Moody’s, and verified by PwC (UK), following certification by the Climate Bond Initiative as having met the Climate Bond Standards