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Stock & Analyst Updates | |
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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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