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Thursday, May 30, 2019 06:00PM / NSE
Ecobank
Transnational Incorporated (“ETl/Issuer’), a leading pan-African banking group
with presence in 36 African countries, rated B (stable) and B- (stable) by
Fitch and S&P respectively, has mandated Deutsche Bank, Renaissance
Capital, Standard Bank and Standard Chartered Bank as Joint Lead Managers to
issue a 5-year $50 million tap on its Rule 144A/Reg S 5-year USD denominated
senior unsecured bond offering. The issue is rated B and B- by Fitch and S&P
respectively. The proceeds from the offering will be used for ETI’s general
corporate purposes.
The
information contained herein shall not constitute or form part of any offer to
sell or solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. This
announcement does not constitute or form a part of any offer or solicitation to
purchase or subscribe for securities in the United States or in any other
jurisdiction where it is unlawful to do so. The securities to which this
announcement relates have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the “Securities Act”) or with any
securities regulatory authority of any state of the United States or other
jurisdiction and may not be offered, sold, pledged or otherwise transferred in
the United States or to, or for the account or benefit of, U.S. persons (as
such term is defined in Regulation S under the Securities Act), except pursuant
to registration or an exemption from the registration requirements of the
Securities Act and in compliance with any applicable state securities laws.
This
announcement is directed only at persons (i) outside the United Kingdom; (ii)
that have professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the “Order’); (iii) falling within Article 49(2)(a) to
(d) (“high net worth companies, unincorporated associations etc.”) of the Order
or (iv) to whom this announcement may otherwise be directed without contravention
of Section 21 of the Financial Services and Markets Act 2000 (all such persons
together being referred to as “relevant persons”). This announcement must not
be acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this announcement relates is
available only to relevant persons and will be engaged in only with relevant
persons.
This
announcement is an advertisement and is not a prospectus for the purposes of
Directive 2003/71/EC, as amended (such directive, together with any applicable
implementing measures under such directive, the “Prospectus Directive’).
In member
states of the European Economic Area (“EEA”), this announcement is directed
only at persons who are “qualified investors” within the meaning of Article
2(1)(e) of the Prospectus Directive.
Manufacturer
target market (MIFID II product governance) is eligible counterparties and
professional clients only (all distribution channels). No PRIIPs key
information document has been prepared as not available to retail in EEA.
Singapore
Securities and Futures Act (SFA) Product Classification - the Issuer has
determined, and hereby notifies all relevant persons (as defined in Regulation
3(b) of the Securities and Futures (Capital Markets Products) Regulations 2018
(the "SF (CMP) Regulations") that the securities to which this
announcement relates are “prescribed capital markets products" (as defined
in the SF (CMP) Regulations) and "Excluded Investment Products" (as
defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and
MAS Notice FAA-N16: Notice on Recommendations on Investment Products).
This
announcement is not being made, directly or indirectly, to any person in any
member state of the West African Economic and Monetary Union.
A rating is
not a recommendation to buy, sell or hold securities and may be subject to
revision, suspension or withdrawal at any time by the assigning rating
organisation. Similar ratings for different types of issuers and on different
types of securities do not necessarily mean the same thing. The significance of
each rating should be analysed independently from any other rating.
Visit Ecobank
Transnational Incorporated Plc IR Page in Proshare MARKETS
Graph 1: Ecobank Transnational Incorporated Plc – One Year Share Price
Movement
Table: Unaudited Q1 2019 Results
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