Ecobank to Issue 5-Year US Dollar Denominated Notes
Ecobank Transnational Incorporated (Ticker: ETI), a leading pan African banking group with presence in 35 African countries has revealed a plan to raise an 5-year US dollar denominated senior unsecured notes offering from the capital market.
In a regulatory filing, Ecobank told the Nigerian Exchange that it has mandated Absa, Africa Finance Corporation, African Export-Import Bank, Mashreq and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners.
The group also announced the appointment of Renaissance Capital Africa as Financial Adviser to organise a Global Investor Call.
The regulatory filing indicates that this would be followed by series of fixed investor calls and meetings commencing on Monday 30 September 2024.
The US dollar denominated benchmark 5-year senior unsecured notes offering will follow, subject to market conditions, Ecobank group said.
The pan African lender said the Notes are expected to be rated B- by S&P and B3 by Moody’s. # Ecobank to Issue 5-Year US Dollar Denominated Notes. #Ecobank to Issue 5-Year US Dollar Denominated Notes
