Green Bond Fact Sheet
Access Bank

Date: 11 April 2019

Issue date: 18/3/2019 Maturity date: 18/3/2024 Tenor: 5 years
Issuer Name

Access Bank

Amount Issued

NGN15bn (USD41.8m)

Country of risk

Nigeria

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeUse of Proceeds Bond

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Climate Bonds Standard
V2.1

Assurance report

Pre issuance verification
statement

PwC UK

Green bond rating

N/A☒ Energy☒ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☒ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience••
Certification Verifier

Water Infrastructure
SolarUse of Proceeds☒ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☒ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingIn addition to the Post Issuance verification as part of the Certification, the bank willproduce an annual Green Bond Report with information on allocations and theprojects financed which will be posted on its Investor Relations website.

Company information

Following its merger with Diamond Bank on 1 April 2019, Access Bank is now thelargest bank in Nigeria.

Firsts, records andcertificationsAccess Bank’s deal is the first Certified Climate Bond from an African corporate

Proceeds description

Climate Bonds view

About 80% of proceeds will finance projects related to coastal flood defences toprotect against sea level rise in Eko Atlantic City, a new costal urban development
near Lagos. The rest will be allocated towards solar energy generation facilities.
Apart from being the first Certified Climate Bond from an African corporate, this is thesecond Certified Climate Bond from Nigeria (following Nigeria’s sovereign issuanceback in December 2017) and the third green bond from a Nigerian issuer. Access Bankis also setting a positive precedent by allocating a significant amount of proceeds toclimate-change adaptation and resilience.

Underwriters
Deal comments
Credit Rating

B (S&P), B (Fitch)

Pricing summary

Coupon at 15.5%

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign