Nigeria, Sept. 21 -- Access Bank has redeemed the $500 million senior unsecured Eurobond it issued in 2021, following the maturity of the note on 21 September, its parent company, Access Holdings, said in a statement on Monday.

"The repayment underscores the Bank's strong liquidity position, disciplined balance sheet management, and continued commitment to meeting its obligations to investors and stakeholders," Access Holdings stated.

"The redemption discharges the Bank's obligations under the Eurobond and reflects the Bank's prudent liquidity planning, robust financial discipline, and strong capacity to meet its funding commitments," it added.

It noted that it never defaulted on its semi-annual coupon payment obligation to investors, ...