Zenith Bank redeems $500m Eurobonds

Zenith Bank has announced the redemption of the balance of $107.4 million of its $500 million Eurobond notes due May 30, 2022.

This is a further demonstration of the Bank’s highly diversified and robust funding sources, and its impeccable pedigree and track records in treasury management.

The Eurobond notes were issued on May 30, 2017, as the second tranche of the Bank’s $1 billion Global Medium Term Note Programme with a 5 year tenor and coupon of 7.375%. In September 2019, the Bank had redeemed $392.6 million of the notes through a Cash Tender Offer ahead of its maturity date of May 30, 2022.

Source: Zenith Bank redeems $500m Eurobonds – StocksWatch (stocksng.com)

Related Posts


Business & Economy

Nigerian Breweries Plc to acquire 80% shareholding in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc has notified the Nigerian Exchange and the investing public that at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023, the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for Nigerian Breweries to acquire Heineken Beverages’ majority interests (via Distell[…]