Business
Access Bank Raises $158m From 13 International Banks
NSE-listed group Access Bank raised, via its London-based subsidiary, a $158 million trade finance facility from 13 international banks.
Initially set at $100 million the amount was increased to $158 million due to higher investor interest.
The operation was coordinated by the multilateral institution African Trade Insurance (ATI) and the Dubai-based Mashreq Bank. According to analysts, this amount is one of the highest mobilized by a Nigerian bank following the foreign currency shortage in recent years.
Access Bank Uk, Commerzbank, London Forfaiting Company and Mashreq Bank were the financing’s main arrangers, jointly with some African banks. These include the Moroccan BMCE Bank of Africa, Mauritius Commercial Bank and State Bank of Mauritius.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
