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London Stock Exchange welcomes Ecobank Nigeria celebrating its bond issuance On Ecobank Ecobank Nigeria has today opened the market at London Stock Exchange via a virtual ceremony to mark the listing of its five-year fixed rate senior unsecured US$300 million bonds. Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, provides the full suite of banking products, services and solutions through multiple channels to retail, commercial, corporate and public sector customers. The bond carries a coupon rate of 7.125%, significantly below its Initial Price Thoughts of 7.75%. The successful launch was three times oversubscribed and is the lowest coupon/yield by a Nigerian financial institution for a benchmark bond transaction since 2013. It has an Issuer Rating of B- from Fitch Rating Agency and S & P. Citi, Mashreq, Renaissance Capital and Standard Chartered Bank acted as Joint Lead Managers and Bookrunners.

City ofUnited kingdomPatrick akinwuntanLondon stock exchangeEcobank transnational incorporatedEcobank groupStandard chartered bankFitch rating agencyKindly share this storyInitial price thoughtsIssuer ratingRenaissance capitalJoint lead managersManaging directorEcobank nigeriaShare this story