Zenith Bank Plc announced the redemption of the balance of USD 107.4 million of its USD 500 million Eurobond Notes due May 30, 2022. This is a further demonstration of the Bank's highly diversified and robust funding sources, and its impeccable pedigree and track records in treasury management. The Eurobond Notes were issued on May 30, 2017, as the second tranche of the Bank's USD billion Global Medium Term Note Program, with a 5-year tenor and coupon of 7.375%.

In September 2019, the Bank had redeemed USD 392.6million of the Notes through a Cash Tender Offer ahead of its maturity date of May 30, 2022.