Ecobank Transnational Incorporated (ETI) has announced its successful tap of U.S.$400 million 10.125% Notes due October 15, 2029, raising an additional U.S.$125 million
The offering was issued at a premium with a new issue price of 102.634, or an effective yield of 9.375%, representing a 100-basis-point tightening in yield compared to the original issue.
According to the Pan African Bank’s press release of May 19, 2025, the Notes will be consolidated into a single series with the original issuance made on October 15, 2024.