{"id":609745,"date":"2019-04-23T11:37:20","date_gmt":"2019-04-23T11:37:20","guid":{"rendered":"
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Business News of Tuesday, 23 April 2019<\/p>\n

Source: <\/strong>classfmonline.com<\/p>\n2019-04-23\n\n

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<\/p>\n

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Business News of Tuesday, 23 April 2019<\/p>\n

Source: <\/strong>classfmonline.com<\/p>\n

2019-04-23<\/p>\n

\n

\"EcobankThe $450 million Eurobond matures in April 2024 with a coupon pricing of 9.5%<\/span><\/span><\/p>\n<\/div>\n

Ecobank Transnational Incorporated, ETI, the Lom\u00e9-based parent company of the Ecobank Group, has announced that it has successfully raised $450 million in its debut Eurobond which was oversubscribed.<\/p>\n

The Global Offering is a 5-year unsecured note (144A\/RegS) listed on the main market of the London Stock Exchange. The bond matures in April 2024 and was issued with a coupon pricing of 9.5% with interest payable semi-annually in arrears.<\/p>\n

The proceeds will be used for ETI\u2019s general corporate purposes and to refinance existing Holdco obligations.<\/p>\n

Investor interest was global, including United Kingdom, United States, Europe, the Middle East, Asia, and Africa.<\/p>\n

For this debut Eurobond issuance, Mr. Ade Ayeyemi, Group Chief Executive Officer of ETI, stated: \u201cThis is another first for Ecobank and I\u2019m very excited at the prospects for the Group as we continue the second phase of our 5-year \u2018Roadmap to leadership\u2019 strategy. Our efforts toward greater operational and capital efficiency are paying off, and this offer is another example of the measures we are taking to strengthen our institution and deliver value for all of our stakeholders\u201d.<\/p>\n

The Group Chief Financial Officer, Mr. Greg Davis, also commenting on this Eurobond said: \u201cThe success of this Eurobond reflects appetite from high quality and real money institutional investors globally and the trust that continues to be conferred on our institution and the markets we have chosen to participate in.\u201d<\/p>\n<\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business News of Tuesday, 23 April 2019 Source: classfmonline.com 2019-04-23 The $450 million Eurobond matures in April 2024 with a coupon pricing of 9.5% Ecobank Transnational Incorporated, ETI, the Lom\u00e9-based parent company of the Ecobank Group, has announced that it has successfully raised $450 million in its debut Eurobond which was oversubscribed. The Global Offering […]<\/p>\n","protected":false},"author":1,"featured_media":609746,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-609745","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nEcobank Transnational Incorporated raises $450m in debut Eurobond - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/23\/ecobank-transnational-incorporated-raises-450m-in-debut-eurobond\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ecobank Transnational Incorporated raises $450m in debut Eurobond - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Tuesday, 23 April 2019 Source: classfmonline.com 2019-04-23 The $450 million Eurobond matures in April 2024 with a coupon pricing of 9.5% Ecobank Transnational Incorporated, ETI, the Lom\u00e9-based parent company of the Ecobank Group, has announced that it has successfully raised $450 million in its debut Eurobond which was oversubscribed. 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