Thursday, June 14, 2018 4:40PM / NSE
"Ecobank Transnational Incorporated ("ETI"), a leading pan-African banking group with a presence in 36 African countries, rated B (stable) and B- (stable) by Fitch and S&P respectively, has mandated Deutsche Bank, Standard Bank and Standard Chartered Bank as Joint Bookrunners to arrange a series of fixed-income investor meetings in the UK and US commencing on 18 June 2018. Subject to market conditions, a Rule 144A/Reg 5-year USD denominated senior unsecured bond offering will follow. The proceeds from the offering will be used for general corporate purposes which may include the refinancing of debt. FCA/ICMA stabilization applies."
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.
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 Directive 2003/71/EC, as amended.
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.
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.
6. ETI Releases Update on the $400m Convertible Bond Issue