FRI MAY 08 2026-theGBJournal| Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group and one of Africa’s largest pan-African banking institutions with operations across 34 countries, has announced plans to launch a Fixed Rate Reset Tier 2 Nature Notes issuance in the international debt capital markets.
The proposed transaction will be executed under Rule 144A and Regulation S of the United States Securities and Exchange Commission, enabling participation from qualified institutional investors across key global markets.
According to ETI, proceeds from the planned issuance will primarily be used to fund the bank’s concurrent tender offer for its existing US$350 million 8.750% Tier 2 Notes due in June 2031.
The refinancing initiative is expected to strengthen the Group’s capital structure while optimising its long-term funding profile.
In line with Ecobank’s sustainability strategy, ETI also confirmed that an amount equivalent to the net proceeds from the Nature Notes issuance will be allocated toward financing or refinancing eligible green and sustainable assets under the Group’s Green Bond Framework.
These investments may include environmentally sustainable projects and assets aligned with Ecobank’s broader climate and ESG commitments.
The Notes are expected to be listed on the London Stock Exchange’s regulated market, providing international visibility and access to a broader base of institutional investors.
ETI noted, however, that completion of the transaction remains subject to market conditions and the successful execution of all required transaction documentation.
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