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Tag: Cash Tender

  • UBA redeems USD500 million 5-year Eurobond

    UBA redeems USD500 million 5-year Eurobond

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    by

    Ediri Oyibo
    in

    The United Bank for Africa (UBA) on Wednesday, redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%, and raised to support the Bank’s business in key sectors of the economy.