{"id":46693,"date":"2021-02-10T19:10:51","date_gmt":"2021-02-10T18:10:51","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=46693"},"modified":"2021-02-10T19:10:51","modified_gmt":"2021-02-10T18:10:51","slug":"eti-set-to-raise-300m-from-international-debt-market","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/eti-set-to-raise-300m-from-international-debt-market\/","title":{"rendered":"ETI Set To Raise $300m From International Debt Market"},"content":{"rendered":"

Ecobank Transnational Incorporated (ETI) has disclosed plan to raise $300 million senior notes from the international debt capital market.<\/p>\n

The group revealed this in a notification to the Nigerian Stock Exchange (NSE). According to the group, the funds would be raised by its key subsidiary, Ecobank Nigeria Limited and the transaction is pursuant to the United States Securities and Exchange Commission Rule 144A and Regulation S.<\/p>\n

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ecobank headquarter<\/figcaption><\/figure>\n

ETI explained that the proceeds of the Eurobond would provide medium term funding and help to enhance the capacity of the bank to support international trade and service in Africa.<\/p>\n

\u201cFurther, the Notes, which will be issued through a Dutch special purposes funding vehicle, will be listed on the London Stock Exchange. In view of the foregoing, ETI is pleased to notify the Nigerian Stock Exchange and the investing public of the proposed launch of the Notes by the bank. \u201cThe bank intends to list the Notes on the London Stock Exchange, with the expectation that the Notes will be traded on its regulated market,\u201d it said.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The group disclosed that the Central Bank of Nigeria (CBN) has confirmed that it has no objection to the transaction, adding that the transaction is subject to prevailing market conditions and the conclusion of the necessary documentation.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Ecobank Transnational Incorporated (ETI) has disclosed plan to raise $300 million senior notes from the international debt capital market.<\/p>\n","protected":false},"author":6,"featured_media":46694,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[8179],"coauthors":[2391],"class_list":["post-46693","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-eti-capital-raising"],"yoast_head":"\nETI Set To Raise $300m From International Debt Market - National Wire<\/title>\n<meta name=\"description\" content=\"Ecobank Transnational Incorporated (ETI) has disclosed plan to raise $300 million senior notes from the international debt capital market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/eti-set-to-raise-300m-from-international-debt-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETI Set To Raise $300m From International Debt Market - 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