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Find all the economic and financial information on our Orishas Direct application to download on Play StoreEcoBank Transnational Incorporated (ETI) succeeds in another major transaction in the Eurobond market, despite the continuing volatility on international markets.
The pan-African banking group has just raised $125 million at a rate of 10.125%, with a maturity set at 2029.The show was produced at a premium, with a new issue price of 102.634%, or an effective return of 9.375%, a decrease of 100 basis points compared to the original issue. This improvement in performance reflects the confidence of investors in the implementation of Ecobank's strategy and growth prospects. Investor demand has also been strong, reaching a final order book oversubscription rate of over 2x, with strong participation from asset managers, banks, and development finance institutions across Africa, the United Kingdom, Europe, Europe, Europe, Europe, Europe, Europe, the United States, the United States, Asia and the Middle East
.noted that the Ecobank Group is the first pan-African private banking group, with unparalleled African expertise. It is present in 35 countries in sub-Saharan Africa, as well as in France, the United Kingdom, the United Arab Emirates and China, as well as in France, the United Kingdom, the United Arab Emirates and China, its unique pan-African platform offers a single gateway for payments, cash management, cash management, trade, and investment. The Group employs more than 15,000 people and offers retail, commercial, financing and investment banking products, services and solutions through multiple channels, including digital ones, to more than 32 million customers.
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