Africa’s Ecobank launches $400m Eurobond on London Stock Exchange
By Andrei Skvarsky.
Pan-African lender Ecobank has launched a $400m Eurobond on the London Stock Exchange on November 19 with 10.125 per cent interest on it payable semi-annually.
Proceeds from the bonds, which mature in 2029, would be used for “general corporate purposes”, including refinancing a $350m short-term loan taken out by Ecobank in March 2024, according to a statement from the bank.
Ecobank is headquartered in Lome, Togo, operates in the majority of African countries and has offices in London, Paris, Dubai and Beijing.
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