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A statement from the company said this bond, which marked
its inaugural Eurobond issuance in April 2019, was warmly received by a diverse
group of global investors, including the bank’s esteemed long-term development
partners, FMO and Proparco, who acted as anchor investors to the issuance.
The statement said it was listed on the main market of the
London Stock Exchange with a coupon rate of 9.5%.
The principal and interest repayment, totalling $524
million, was distributed to bondholders through the transaction agent on the
bond maturity date of April 18, 2024.
Ayo Adepoju, Ecobank Group’s CFO, said, “This inaugural bond
we are retiring today was critical in introducing our firm to a wider array of
global investors and contributed to the increased visibility of our brand in
the capital markets.
“When viewed against the backdrop of the difficult operating
environment that characterized most of 2023 and is still being felt today –
particularly the disruptions in the world supply chain and global financial
markets – the Group continues to show resilience through strong liquidity, a
robust balance sheet, and a solid leadership team.”
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