Banking Investments/Capital Market Latest News

UBA Redeems $500Mn 5-Year Eurobond

The United Bank for Africa Plc, one of Africa’s leading banks, has redeemed its $500 million 5-year Eurobond notes, with a maturity date of June 8, 2022. The five-year bond which was issued in 2017, was offered at a coupon rate of 7.75%. As part of UBA’s liability management strategies, in November 2021, the Group […]