Current Information

Issuer Name: Union Bank of Nigeria Plc
Issue Name: 6.3bn Series 2 Fixed Rate Bonds
County: Nigeria
Sector: Banking
National Scale: Long Term Rating: BBB+(NG); Rating Watch
National Scale: --
International Scale: --
Rating Action: 2022-09-14
Announcement Link: Click here
Indicative:
Please note that our website is scheduled to import updates from the day’s credit rating announcements to our credit rating database at 18:00 (South African time) daily. At this time the ratings history will be in line with the announcements as released during the day.
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GCR Ratings Credit Reports

GCR Ratings Credit Report - Where applicable, includes GCRs Rating and rationale along with comprehensive analytical commentary, detailed business overview and key financial data. Report Revision Date: 2022-09-14 (represents the latest significant change).



Tabulated Rating History

Issue Name
National Scale
International Scale
Rating Action
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-- Long Term Rating: BBB+(NG); Rating Watch -- 2022-08-30
-- Long Term Rating: BBB+(NG); Outlook: Stable -- 2021-09-22
-- Long Term Rating: BBB+(NG); Outlook: Negative -- 2020-07-30
-- Long Term Rating: BBB+(NG); Outlook: Stable -- 2018-07-11
-- Long Term Rating: BBB+(NG); Rating Watch -- 2017-08-28
6.3bn Series 2 Fixed Rate Bonds Long Term Rating: BBB+(NG); Rating Watch -- 2022-09-14
6.3bn Series 2 Fixed Rate Bonds Long Term Rating: BBB+(NG); Outlook: Stable -- 2021-09-22
6.3bn Series 2 Fixed Rate Bonds Long Term Rating: BBB+(NG); Outlook: Negative -- 2020-08-04
7.2bn Series 1 Fixed Rate Bonds Long Term Rating: Withdrawn(NG); -- 2021-09-17
7.2bn Series 1 Fixed Rate Bonds Long Term Rating: BBB+(NG); Outlook: Negative -- 2020-08-04