Ecobank is back on the debt market. This is a sign of an ever-pressing need for funds to finance an ambitious development plan for 36 African countries and continued high operating costs, despite efforts made over the last three years under the leadership of Nigerian CEO Ade Ayeyemi.
The good news is that the market still gives credit to the bank’s signature. For example, the loan loan was oversubscribed for $ 268.5 million, with Ecobank Transnational Incorporated (ETI) increasing Deutsche Bank’s arranger mandate from $ 150 million to $ 200 million.
This funding supports ETI’s goal of maintaining a diversified funding base and strong market access.
