ETI Signs $250m Senior Unsecured Loan Facility

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Tuesday, September 05, 2017 / 3:20 PM /NSE 

Ecobank Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, today signed a five-year senior unsecured loan facility of USD 250Million from Deutsche Bank AG. 

The Public Investment Company (PIC) of South Africa, one of the major institutional shareholders of ETI, is providing full credit support to Deutsche Bank in this transaction via a sub–participation of risk. This new facility of USD 250 million will be used primarily to refinance maturing facilities. 

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