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LAGOS, NIGERIA – EQS Newswire – 13 June 2022 – Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%.<\/span>\n<\/p>\n As part of UBA\u2019s liability management strategies, in November 2021, the Group repurchased $310.9 million of the notes through a cash tender offer. Upon maturity, the outstanding portion of $189.1 million and the coupon of $7.3 million were paid.<\/span>\n<\/p>\n “The Group\u2019s selective participation in international debt markets is a testament to UBA\u2019s robust and prudent liquidity management strategies, coupled with a very strong and diversified asset and liability management process.” said Kennedy Uzoka, GMD\/CEO of UBA.<\/span>\n<\/p>\n \u201cOur significant customer base, diversified geographical spread and multiple decades of proven track record, continue to ensure that UBA is the preferred destination for investors, individuals, and businesses alike,\u201d Uzoka continued.<\/span>\n<\/p>\n With presence in 20 African countries, including Nigeria, as well as operations in France, the UK and being the only sub-Saharan African bank with a deposit-taking licence in the USA, UBA is a leading African financial institution providing banking and financial services to over 33 million customers across the globe.<\/span>\n<\/p>\n Download image: LAGOS, NIGERIA – EQS Newswire – 13 June 2022 – The United Bank for Africa Plc (\u201cUBA\u201d or the \u201cGroup\u201d) (www.UBAGroup.com) on Wednesday 8th June, redeemed its $500 million 5-year Eurobond notes, with a maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%. As …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/22755"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=22755"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/22755\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=22755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=22755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=22755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nT<\/span>he United Bank for Africa Plc (\u201cUBA\u201d or the \u201cGroup\u201d) (<\/span>www.UBAGroup.com<\/a><\/span>) on Wednesday 8th<\/sup> June, redeemed its $500 million 5-year Eurobond notes, with a maturity date of June 8, 2022.<\/span>
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\n https:\/\/bit.ly\/3NNqVvL
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"