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Ecobank To Raise $300m From International Debt Capital Market

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Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, is planning to raise $300 million senior notes from the international

The group revealed this in a notification to the Nigerian Exchange Limited, the Ghana Stock Exchange and the Bourse Régionale des Valeurs Mobilières signed by the group head, corporate communications, Adenike Laoye.

It stated that “an equivalent amount of the net proceeds of the notes will be used to finance or re-finance, in part or in full, new or existing eligible assets in accordance with ETI’s sustainable finance framework. ETI added that the issuance of the notes is subject to prevailing market conditions and the conclusion of the necessary transaction documentation.

 

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