Ecobank Transnational Incorporated (ETI) said it has successfully tapped its $400 million 10.125 percent Notes due October 15, 2029, for an additional $125 million.
The Notes will be consolidated and will form a single series with the $400 million 10.125 percent Notes issued on October 15, 2024.
The offering was issued at a premium with a new issue price of 102.634, or an effective yield of 9.375 percent, representing a 100-basis-point tightening in yield compared to the original issue.