NIGERIA - Trade Finance Package to Access Bank Nigeria (ABN) PLC

Provision of a USD 230 million, Trade Finance Package (Facility) to Access Bank Plc (“Access Bank” or “ABN”) comprising (i) a USD 170 million Trade Finance Line of Credit (TFLoC) with a 3.5-year tenor and (ii) a USD 60 million Transaction Guarantee (TG) instrument with a tenor of 3 years. The TFLOC will provide critically needed FX liquidity to support SMEs and local enterprises operating in the tradable sectors to settle maturing trade finance obligations and continue to have unencumbered access to international financial markets and global supply chains as they procure critical inputs such as raw material, equipment, and intermediate goods for further local processing. Under the TG, Access Bank will act as an Issuing Bank (IB) supporting trade finance activities in Nigeria while the Bank willprovide up to 100% guarantee to Confirming Banks (CBs) for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by ABN.