ETI Announces Proposed Launch of $300m Fixed Rate Reset Tier 2 Sustainability Notes


Monday, June  07, 2021 / 04:06 PM / NGX / Header Image Credit: Ecobank

Proshare Nigeria Pvt. Ltd.

Ecobank Transnational Incorporated ("ETI"), the parent company of the Ecobank Group, the leading Pan-African banking group with banking operations in 33 countries hereby notifies the Nigerian Exchange Limited, the Ghana Stock Exchange and the Bourse Regionale des Valeurs Mobilieres (the "Stock Exchanges") that it is seeking to raise US$300 Million from the international debt capital markets through the issuance of Tier 2 qualifying Sustainability Notes pursuant to the United States Securities and Exchange Commission Rule 144A and Regulation S (the "Notes").


An equivalent amount of the net proceeds of the Notes will be used to finance or re-finance, in part or in full, new or existing eligible assets in accordance with ETI's Sustainable Finance Framework.


In view of the foregoing, ETI is pleased to notify the Stock Exchanges of the proposed launch of the Notes. ETI intends to list the Notes on the London Stock Exchange, with the expectation that the Notes will be traded on its regulated market.


It should be noted that the issuance of the Notes (the "Transaction") is subject to prevailing market conditions and the conclusion of the necessary Transaction documentation.


Visit Ecobank Transnational Incorporated IR Page in Proshare MARKETS 

Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Table:  Q1 2021 Unaudited Results

Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd.


Related News

  1. Fitch Affirms Ecobank Transnational Inc at B- Outlook Stable...
  2. ETI Declares N30.5bn PAT in Q1 2021 Results SP N5.25k ...
  3. ETI Appoints Akin Dada as Group Executive Corporate and Investment Banking...
  4. ETI Appoints Tomisin Fashina as Group Executive, Operations and Technology
  5. ETI FY2020 Results: Profit Slump in The Face of Repositioning
  6. ETI Declares N33.7bn PAT in 2020 Audited Results,(SP:N5.10k)
  7. ETI Notifies of Board Meeting Date and Commencement of Closed Period
  8. Ecobank Wins Starsight Renewable Energy Sustainability Award 2020
  9. Ecobank Reiterates Its Commitment As "The Partner Of Choice For Export Trade"
  10. London Stock Exchange Welcomes Ecobank Nigeria's US$300m Senior Bond Issuance
  11. Ecobank Group Signs A Remittance Partnership With Small World Financial Services


 Proshare Nigeria Pvt. Ltd.

Related News