On July 8, 2025, the bank demonstrated strong liquidity and financial resilience by repaying 50% of its Eurobond ahead of the scheduled maturity in February 2026. As of July 11, 2025, the bond traded near par at $99.00, reflecting strong investor confidence in the bank’s ability to repay at maturity.
The early repayment was necessitated by improved liquidity position, backed by collections from loan repayments and early redemption of its promissory notes from its parent.
The bank has firm liquidity plans in place to ensure the remaining 50% of the Eurobond is repaid in full at maturity. Additionally, the bank used the opportunity to require bondholders’ consent to remove the capital adequacy ratio from its Eurobond covenant.
