Ecobank to issue debut $500m 5-yr Eurobond

…other banks to follow trend

Ecobank

Ecobank Transnational Incorporated (ETI) is issuing a debut $500 million five-year Eurobond, priced to yield 8.5 percent-9 percent, the lender told BusinessDay on Thursday. The bond for which book building is slated to end today, April 12, 2019 is rated “B” – (Stable) by both Fitch and S&P. According the pan-African bank, the bond which…

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