Access Bank Plc is set to issue the first Eurobond from Nigeria
in almost two years after choosing banks to arrange a new deal.
Nigeria’s fourth-largest lender by assets will meet investors in
the United States and Europe from Tuesday through October 3rd, and plans to
sell five-year debsetups Chief Executive Officer, Herbert Wigwe told Bloomberg.
Barclays Plc, Citigroup Incorporated and JPMorgan Chase & Co
would arrange the deal, he said.
“It will be for working capital, for lending to investment-grade
names,” including Nigerian companies seeking to expand their exports, Wigwe
said.
