Ecobank Transnational Incorporated Signs USD 50 Million Senior Unsecured Loan Facility

11 February 2015
Content from a Premium Partner
Ecobank (Lome)
press release

Ecobank Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, has signed a one-year senior unsecured loan facility of USD 50 million arranged by Deutsche Bank AG.

The facility will be used for general corporate purposes.

ETI successfully raised a USD 200 million loan facility from Deutsche Bank in December 2014.

This new USD 50 million loan facility brings total funding arranged by Deutsche Bank to $250 million.

Altogether, in the last six months, Ecobank has raised approximately USD 1 billion in combined equity and debt capital for its parent company and its businesses in Nigeria, the largest of the group's affiliates.

ETI is currently rated 'B' by Fitch Ratings (Stable outlook).

Contacts:

Ayo Adepoju
Group Finance
Ecobank Transnational Incorporated
Tel: + 22 8 92 7364 03
aadepoju@ecobank.com

Richard Uku
Corporate Communications
Ecobank Transnational Incorporated
Tel: +228 93 26 47 16
ruku@ecobank.com
Twitter: @GroupEcobank

About Ecobank

Incorporated in Lome, Togo, Ecobank Transn ational Incorporated ('ET I') 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, Chad, Congo (Brazzaville), Congo (Democratic Republic), Cote d'Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya,Liberia, Malawi, Mali, ozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal,Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. 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 organizations, medium, small and micro businesses and individuals.

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