Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated (ETI) Plc, has floated the first non-sovereign bond in Africa in the year with the launch of its $300 million bond. The fixed-rate, dollar-denominated bond, with a tenor of five years, carries a coupon rate of 7.125 per cent and will be listed on the London Stock […]
Tag: XNSA_ETI
Ecobank Nigeria lists $300m bond on London Stock Exchange
Ecobank Ecobank Nigeria has listed its $300 senior unsecured bond on the London Stock Exchange (LSE). The bank on Thursday opened the market at the LSE via a virtual ceremony to mark the listing of the bond. The bank in a statement announcing the development said: “The bond carries a coupon rate of 7.125%, significantly […]
Ecobank Nigeria to list $300m bond on London bourse
‘Femi Asu Ecobank Nigeria, a wholly-owned subsidiary of Ecobank Transnational Incorporated, has said its $300m bond will be listed on the London Stock Exchange. The lender disclosed this in a statement announcing that it had successfully priced the bond issuance maturing in February 2026, with settlement of the bond to take place on February 16, […]
Appointment Announcement – Mr. Ifedayo Orimoloye As the Group Chief Risk Officer
The African Development Bank Group is pleased to announce the appointment of Mr. Ifedayo Orimoloye as the Group Chief Risk Officer, effective 1 April 2021. Ifedayo, a US national, brings over 20 years of risk management and corporate finance experience from international and diverse financial institutions in Africa, Europe and North America. As Bank Group […]
Ecobank Nigeria announces pricing of its Senior Unsecured $300m bond
Ecobank Nigeria, a wholly-owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that it has successfully priced its ¢300 million bond issuance maturing in February 2026. The settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with […]
Ecobank Nigeria prices USD 300 million bond issuance maturing in Feb 2026
Mr Akinwuntan continued, “I would like to extend my appreciation to our regulators, the Central Bank of Nigeria, for their timely support and continuous guidance, in granting necessary regulatory approvals.” Image Credit: Wikimedia Ecobank Nigeria ("ENG" or "the Bank") (Ecobank.com/ng), a wholly-owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’), the parent company […]
Ecobank Nigeria announces 7.125% price for its $300m bond
WorldStage Newsonline– Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its USD 300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February 2021. According to the bank, “the fixed-rate, US […]
Ecobank Nigeria issues $300m bond
Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully priced its $300m bond issuance maturing in February 2026, with settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with a tenor of five years, carries a coupon rate […]
Ecobank Transnational announces Hervé Assah as new Non-Executive Director
WorldStage Newsonline– Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, announces the co-option to its Board of Directors of Hervé S. Assah, as Independent Non-Executive Director from the CEMAC Region. In a notification at the Nigerian Stock Exchange said “Hervé S. Assah is a national of Congo Brazzaville with almost four decades’ experience […]
Ecobank Transnational appoints new director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr Assah, who comes from the Central African Economic and Monetary Community region, is a national of Congo Brazzaville. His experience as a senior executive approaches 40 years and spans fields as diverse as investment and […]