Ecobank’s Shareholders Approve $400 m Convertible Bond Issue to Strengthen Group’s Capital Position

Shareholders of Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, (‘Ecobank’ or ‘the Group’), has approved the issue of up to $400 million in convertible bonds to strengthen the bank’s operations. The convertible bond issue will have a maturity of 5 years and a coupon of 6.46% above 3-month LIBOR, with an […]