AFC Acts as Joint Lead Manager for the Ecobank Transnational Incorporated US$400MM Eurobond Issuance
Lagos, 10th October 2024- Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, yesterday announced that it acted as a Joint Lead Manager for the successful pricing of a US$400 million 10.125% Note by Ecobank Transnational Incorporated (ETI). This 5-year offering, which is due on 15 October 2029, was offered in RegS/144A format. The net proceeds from the issuance of the Notes will be used by ETI for general corporate purposes.
AFC’s central role as Joint Lead Manager contributed to the success of this issuance, showcasing AFC’s commitment to driving growth in African markets. This landmark transaction marks the first public Sub-Saharan African Eurobond issued by an African bank since 2021.
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