Arise B.V invests US$75m in Ecobank Transnational to meet its general corporate obligations

TOGO – Ecobank Transnational Incorporated (ETI), the Togo based parent company of the Ecobank Group, has announced a US$75 million Additional Tier 1 (AT1) investment by Arise B.V, a leading equity investor in Africa. This Basel III compliant instrument is the first AT1 instrument issued by ETI and a landmark transaction in the sub-Saharan Africa region. The investment will optimise and improve ETI’s Tier 1 capital by US$75 million. Basel III is an international regulatory accord rolled out by the Basel Committee, which introduced a set of reforms intended to…

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Ecobank Transnational successfully raises US$350m Tier 2 Sustainability Notes

TOGO – Ecobank Transnational Incorporated, the Lomé based parent company of the Ecobank Group, has successfully raised US$350 million Tier 2 Sustainability Notes, representing the first ever Tier 2 Sustainability Notes by a financial institution in Sub-Saharan Africa. This Tier 2 issuance is the first to have a Basel III-compliant 10NC5 structure outside of South Africa in 144A/RegS format and will be listed on the main market of the London Stock Exchange. The bond, which matures in June 2031, has a call option in June 2026 and was issued with…

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