The wholly owned subsidiary of Access Holdings Plc, Access Bank, has opened N193.25 billion in commercial papers for subscription.

According to an investors’ notes, the financial institution plans to raise the total sum from series 3 and series 4 commercial papers to augment its short-term funding demand under its N400 billion commercial paper programme.

The offer is scheduled to close on Tuesday, March 25, 2025, Comercio Partners Capital Limited told investors in an emailed note on Thursday.

The wholly owned subsidiary of Access Holdings Plc, is a leading full-service commercial bank operating through a network of more than 700 branches and service outlets spanning three continents, 24 countries, and over 60 million customers.

The bank is a diversified financial institution that combines a strong retail customer franchise and digital platform with deep corporate banking expertise, proven risk management and capital management capabilities.

Daily Trust reports that short-term debt instruments are issued by corporations, financial institutions, and sometimes the government to raise funds for their working capital and short-term financial needs.