May 08, (THEWILL) — Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced plans to raise fresh funds from the international debt capital market as part of efforts to refinance existing obligations and expand its sustainable finance portfolio.
In a disclosure filed with the Nigerian Exchange Limited, Ghana Stock Exchange, and the Bourse Régionale des Valeurs Mobilières on May 7, 2026, the lender said it intends to issue Tier 2 qualifying Nature Notes under U.S. SEC Rule 144A and Regulation S.
According to the filing signed by Group Executive Director and Chief Financial Officer, Ayo Adepoju, proceeds from the proposed issuance will primarily fund a concurrent “any-and-all” tender offer for ETI’s existing $350 million 8.750 percent Tier 2 Notes due in June 2031.
The bank added that the remaining proceeds would be deployed to finance and refinance eligible green assets under its Green Bond Framework, thereby reinforcing its sustainability strategy across African markets.
ETI also disclosed plans to list the Nature Notes on the London Stock Exchange, where the securities are expected to trade on the regulated market, subject to market conditions and completion of documentation.
The planned fundraising follows the bank’s $250 million Additional Tier 1 capital issuance approved by shareholders at an Extraordinary General Meeting held in Lomé on May 28, 2025. The issuance, executed through a private placement of contingent convertible notes, was designed to strengthen the Group’s regulatory capital position under Basel III requirements.
Ecobank’s latest move comes amid strong financial performance in 2025, with the lender crossing the N1 trillion profit threshold as higher treasury income complemented lending revenues.
Gross earnings rose 16 percent year-on-year to about ₦4.88 trillion, while profit after tax increased by 23 percent to ₦904.7 billion. Treasury bills and investment securities contributed more than ₦1.4 trillion in interest income during the period.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
