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855 Ecobank Announces Closure of $200 million Syndicated Loan
Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announces today the successful close of a USD 200 million syndicated loan facility.
The facility was oversubscribed at USD 268.5 million, with ETI increasing Deutsche Bank’s mandate as arranger from USD 150 million to 200 million. The facility supports ETI’s goal of maintaining a diversified funding base with strong market access.
The loan will be due for repayment in November 2019.
ETI which currently has a presence in 36 African countries, including Nigeria, employs over 20,000 people in 40 different countries in with over 1,200 branches and offices.
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