Ecobank Transnational Incorporated (ETI) recently issued Eurobond to investors and that offering recorded a remarkable outcome.
As a result, it celebrated the $400 million Eurobond issuance in a unique way on Wednesday. 
On a vibrant Wednesday morning, Ecobank Transnational Incorporated (ETI), the parent company of the pan-African Ecobank Group, marked a significant achievement by opening the market at the London Stock Exchange (LSE) to celebrate the successful issuance of its $400 million Senior Unsecured Eurobond.
The oversubscribed bond will refinance a loan and support the bank’s growth strategy, reflecting strong investor confidence.
The bond, which will mature in October 2029, offers an interest rate of 10.125 per cent, payable semi-annually.
Ecobank will use the proceeds from the issuance for general corporate purposes, including refinancing a $350 million Senior Bridge-to-Bond Loan Facility that it secured in March 2024.
Members of ETI’s board and management attended the event at the LSE to commemorate the occasion.
Ecobank Group CEO Jeremy Awori expressed pride in the achievement, noting that this bond marks ETI’s third international bond issuance and the first public Eurobond by a sub-Saharan African financial institution since 2021.
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Moreover, with the bond oversubscribed more than 2.1 times, strong investor demand from both international and African markets underscored their confidence in Ecobank’s Growth, Transformation, and Returns Strategy.
Furthermore, Chief Financial Officer of Ecobank, Ayo Adepoju, expressed gratitude to the banks that acted as Joint Lead Managers and Joint Bookrunners, including Absa, Africa Finance Corporation, and Standard Chartered Bank.
Also, he thanked the Development Finance Institution partners, such as the Africa Finance Corporation, for their support.
Ultimately, the event symbolised a major milestone for Ecobank, and it solidified the bank’s position as a leader in connecting African institutions with international capital markets.
