ETI Announces Closure of USD200m Syndicated Loan Facility: Oversubscribed By $268.5m

Proshare

Monday, November 19, 2018 06:51 PM / NSE

 

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announces today the successful close of a USD 200 million syndicated loan facility. 

The facility was oversubscribed at USD 268.5 million, with ETI increasing Deutsche Bank’s mandate as arranger from USD 150 million to 200 million. 

The facility supports ETI’s goal of maintaining a diversified funding base with strong market access. 

The loan will be due for repayment in November 2019.

 

Proshare Nigeria Pvt. Ltd.


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