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Finance: Ecobank Nigeria reimburses 80% of its Eurobond

09/01/2026
Source : ORISHAS FINANCE
Categories: Sectors

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EcoBank Nigeria a announced in a note published on Tuesday, January 6, 2026 to have processed the refund expected of approximately $245 million out of a total of $300 million of eurobonds maturing in February 2026. This amount represents more than 80% of the initial loan

The prepayment of EcoBank Nigeria allows the financial institution to reduce its debt level, to reduce its repayment deadlines in 2026, and to rebalance the structure of its balance sheet. This initiative takes place in a context followed by close by investors. At the end of the operation, only about $55.1 million in bonds still outstanding The titles concerned are senior equity bonds with an interest rate annual of 7.125%. To achieve this early repayment, Ecobank Nigeria launched, on 27 November 2025, a public takeover offer (OPR) for half of its Eurobond of $300 million.

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