LAGOS, Nigeria – September 2025 – Union Bank of Nigeria has reinforced its reputation for financial discipline with the successful redemption of its Series 2, 15.75% bond, valued at ₦6.314 billion, alongside the final coupon payment on September 3, 2025.
The repayment, carried out under the Bank’s ₦100 billion Debt Issuance Programme, was fully settled in line with Securities and Exchange Commission (SEC) regulations, demonstrating the Bank’s consistency in meeting obligations to bondholders.
Confidence After Consolidation
The move comes at a pivotal time, just weeks after Union Bank’s merger with Titan Trust Bank, a development that has redefined its growth trajectory. The smooth execution of bond obligations at such a critical juncture highlights the Bank’s resilience and sends a strong message of trust to investors navigating Nigeria’s evolving financial landscape.
Leadership Insight
Tosin Ibikunle, Head of Strategy and Planning at Union Bank, noted:
“This redemption reaffirms our financial strength and governance standards. By fulfilling our commitments to bondholders, we are laying a solid foundation for greater innovation, stability, and support for Nigeria’s economy.”
Regulatory Trust, Investor Assurance
Union Bank’s collaboration with ARM Trustees and UTL Trustees throughout the process further underscores its alignment with regulatory excellence and stakeholder transparency.
What It Means
Beyond being a financial milestone, this redemption strengthens Union Bank’s investor credibility, enhances confidence in its long-term stability, and signals the Bank’s readiness to pursue new growth opportunities in a post-merger era.
