- Notes re-offered at 99.044%, yielding 10.375%
- Proceeds aimed at refinancing existing debt, including a $350m loan facility
Lagos, Nigeria – Ecobank Transnational Incorporated (ETI), the pan-African banking powerhouse with a footprint in 35 African markets, has successfully launched a $400 million Senior Unsecured Notes issuance, priced at 10.125%. The issuance, marked with a trade date of 7 October 2024, is set for settlement on 15 October 2024, with the notes maturing five years later on 15 October 2029.
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