Access Bank intends to refinance 2017 Notes
Access Bank Plc (the "Bank") has announced that it expects, in September 2016, to commence refinancing of the existing senior unsecured U.S.\\$350 million 7.25 per cent. notes due July 2017 (the "2017 Notes") issued by the Bank's wholly owned subsidiary, Access Finance B.V., a private company with limited liability organised under the laws of the Netherlands.
The Bank is considering all options for this refinancing, including a potential exchange offer. The Bank's current expectation is that this refinancing, if commenced, would be for an uncapped amount, excluding U.S. holders.
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