---
title: "Fidelity Bank Fully Redeems $400M Eurobond At Maturity"
description: "Fidelity Bank says it fully redeemed its US$400 million 7.625% senior unsecured Eurobond at maturity on October 28, 2026."
canonical_url: "https://liners.com/news/fidelity-bank-400m-eurobond-redemption-2026"
markdown_url: "https://liners.com/news/fidelity-bank-400m-eurobond-redemption-2026.md"
type: "article"
language: "en"
published_at: "2026-10-30T15:30:00.333Z"
updated_at: "2026-10-30T15:30:06.216Z"
---

# Fidelity Bank Fully Redeems $400M Eurobond At Maturity

Fidelity Bank says it fully redeemed its US$400 million 7.625% senior unsecured Eurobond at maturity on October 28, 2026.

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## Content

## In Short
Fidelity Bank Plc said it fully redeemed its US$400 million 7.625% senior unsecured Eurobond at maturity on October 28, 2026. The bank said it repaid the outstanding principal and paid the final coupon.

## What Happened
[Fidelity Bank](/fidelity-bank) Plc said the bond was issued on October 28, 2021 and had a five-year tenor.

The Eurobond carried a coupon rate of 7.625% per annum, payable semi-annually. A coupon is the interest a bond issuer pays bondholders.

The bank said it met all scheduled coupon payments during the life of the notes. It also said it repaid the outstanding principal and final coupon in full at maturity, fulfilling its payment obligations under the terms and conditions of the notes.

Fidelity Bank described the redemption as timely. It said this reflects “disciplined liquidity planning, prudent asset and liability management, and commitment to meeting its financial obligations.”

The notice listed the instrument as “7.625% Senior Unsecured Notes due 2026” with ISINs XS2399990006 and US316044AC04. An ISIN is a code used to identify a specific security.

## Why It Matters
Eurobonds are bonds issued in foreign currency, often used to raise long-term capital from international investors. Redeeming the bond in full at maturity signals that Fidelity Bank was able to meet both its interest payments and principal repayment as scheduled.

In its notice, the bank thanked its noteholders, regulators, customers, shareholders and other stakeholders for their confidence and continued support.

## Sources and products

- [doclib.ngxgroup.com](https://doclib.ngxgroup.com/Financial_NewsDocs/Fidelity_Bank_-_Redemption_of_Eurobond.pdf)
- [Fidelity Bank](/fidelity-bank)

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- [Funding & Acquisitions](/news)

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