Home Markets Access Bank: Demystifying Market Sentiments with Audacious Eurobond Issuance

Access Bank: Demystifying Market Sentiments with Audacious Eurobond Issuance

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Herbert Wigwe

Banking

At a period when competitors fret for the fear of the unknown, Access Bank Plc stunned the global financial market when, in a rare feat of uncommon confidence in its brand, successfully raised $500million additional Tier1 Eurobond capital, reports Festus Akanbi

In an era when the global economic sentiment is uninspiringly negative, forcing financial services providers/managers to go back and forth, economic watchers say certain investments decisions are easily knocked down by uncertainty and fear of failure.

Consequently, financial market watchers say the unfolding scenario is eroding the chance of banks and other players in the emerging global financial system to break even not to talk of expanding their frontiers. It was feared that a combination of the recent but sustained volatility in the price of crude oil and the attendant stress on major currencies has produced a risky investment…

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