Ecobank Transnational Incorporated Receives USD 200,000,000 Senior Unsecured Loan Facility

9 December 2014
Content from a Premium Partner
Ecobank (Lome)
press release

Ecobank Transnational Incorporated, ETI , the Lome-based parent company of the Ecobank Group, today received a one-year, senior unsecured loan facility of USD 200,000,000 from Deutsche Bank AG.

On the 17th November 2014, Ecobank appointed Deutsche Bank to be the Initial Mandated Lead Arranger, Bookrunner and Facility Agent to arrange this financing.
Today, 9th December 2014, Deutsche Bank AG successfully closed primary syndication with an oversubscribed order book of USD 230,000,000. The final size of the facility was maintained at USD 200,000,000.

This transaction reflects Deutsche Bank's strong distribution platform and rapid execution capabilities in challenging market conditions. The facility will be used for general corporate purposes. ETI is currently rated B by Fitch Ratings (Stable outlook).

About Ecobank

Incorporated in Lomé, Togo, Ecobank Transnational ncorporated T is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Tchad,Congo Brazzaville, Democratic Republic of Congo, Côte d' Ivoire, Euatorial Guinea, Ethiopia, Gabon,G ambia,Ghana,G uinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe.
The Ecobank Group is also represented in France through its affiliate EBI SA in Paris. ETI also has representative offices in Dubai-United Arab Emirates, London-UK and Beijing-China. The Group employs over 20,000 people in 40 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organisations, medium, small and micro businesses and individuals. Additional information may be found at ecobank.com.

Further information can be obtained through the contact persons listed below.

Ecobank
Ayo Adepoju
Group Finance
aadepoju@ecobank.com
+22 892 736 403

Tagged:
Copyright © 2014 Ecobank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.