• Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Login/Register
  • My Account
  • 0Shopping Cart
Advertising Dar
  • Home
  • About
  • Classifieds
  • Paper Version
  • Pricing
  • Events
  • Blog
  • Restaurants
  • Recipes
  • Hotels & Weekend Gateways
  • Menu

PRESS RELEASE – Ecobank hosted by London Stock Exchange after successful $500 million Eurobond issuance

June 18, 2019/in Blog /by AdvertisingDar
Ecobank Chairman Emmanuel Ikazoboh (2nd from left) opens the London
Stock Exchange with Group CEO Ade Ayeyemi (3rd from left).   

London, 7 June 2019 – Following its successful $500 million Eurobond issuance, Ecobank
Transnational Incorporated (‘ETI’), the Lomé-based parent company of the Ecobank Group, was
hosted by the London Stock Exchange to a market opening ceremony to celebrate the
successful listing of the Eurobond on the London Stock Exchange (LSE) main market.
The bond was oversubscribed with strong demand from international investors in the United
Kingdom, United States, Europe, Middle East, Asia and Africa. It follows on from Ecobank’s 2017
convertible bond issuance on the International Securities Market.

The five-year senior unsecured notes, which mature in April 2024, were launched with a
coupon interest rate of 9.50 percent per annum payable semi-annually in arrears.
Ade Ayeyemi, Group CEO of Ecobank said: “The successful issuance of our inaugural Eurobond
on the main London market demonstrates international investors’ approval and confidence in
Ecobank’s long-term strategy and prospects as a strong and sustainable pan-African financial
services institution. It also demonstrates the ability of African corporates to access international
capital markets.”

Ayo Adepoju, Acting Group CFO of Ecobank commented: “Ecobank places great emphasis on
constantly reviewing our capital allocation strategies to ensure that we have the right strategic
positioning, competitive advantages, products and resources to increase efficiency and
profitability. Our access to international capital markets are part of the mix and enable us to
boost our liquidity profile, refinance maturing facilities and strengthen our foundations to
ensure long-term sustainable growth and profitability for all our stakeholders.”

ETI will use the net proceeds of the placement for general corporate purposes including the
refinancing of maturing debt facilities.

Members of the ETI board and management attended the London Stock Exchange on 7 June to
celebrate the successful issuance of the bond.

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’) 
Incorporated in Lomé, Togo in 1988, Ecobank Transnational Incorporated (‘ETI’) is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs 16,386 people in 40 different countries in over 888 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organisations, medium, small and micro businesses and individuals.

Additional information on Ecobank can be found at www.ecobank.com.

LATEST POSTS

  • Special Resident Rate @ Pole Pole, MafiaApril 9, 2022 - 5:58 pm
  • UTENGULE COFFEE FARM “Home to the famous Rift Valley gourmet coffees”April 4, 2022 - 12:02 pm
  • Ask the ChiropractorMarch 23, 2022 - 4:16 pm

CONTACT US

Chole Plaza, 1st Floor
Chole Road, Masaki

P.O. Box 9890
Dar es Salaam, Tanzania

info@advertisingdar.com
Tel: +255 222 602884
Fax: +255 222 602885
Mob: +255 715 238378

OUR COMPANY

  • About Us
  • Premium Classifieds
  • Blog
  • FAQ
  • Pricing
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

NEWSLETTER SIGNUP

© Copyright - Advertising Dar
  • Facebook
  • Twitter
  • Instagram
  • Linkedin
Scroll to top