BREAKING NEWS

    $300 Million Level 2 Sustainability notes proposed liftoff by the Ecobank Transnational Incorporated

    Posted On 09 Jun 2021
    By :
    Comments: 10

    By Abdul Rahman Bangura–

    ( Photo Credit: Twitter )

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Ecobank Transnational Incorporated – a notable Pan-African banking group and parent company of the Ecobank Group, has published its project to increase $300 million from the international debt capital markets through the allotment of Grade 2
    entitling sustainability memoranda.

    According to a disclosure endorsed by the Group Head of Corporate Communications, Adenike Laoye, this proposal was conveyed to a host of regional Stock Exchanges that constitutes of the Nigerian Exchange Group Plc (NGX), Ghana Stock Exchange, and the Bourse Regionale des Valeurs Mobilieres.

    According to the announcement, ETI aims at to list the Notes on the London Stock Exchange, with the expectation that the Notes will be marketed on its regulated market. Consequence to this, the disbursement of the Notes is thus subject to existing market circumstances and the decision of the essential agreement documentation.

    The Banking Group clarified that a comparable percentage of the net earnings of the Notes will be utilized to subsidize or re-finance, in part or full, new or prevailing desirable assets in agreement with ETI’s Sustainable Finance Framework.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    1. Kalisa June 9, 2021 at 1:19 am Reply

      Thank you for reporting. Let’s make our great banks more efficient and big. Kalisa in Kigali RWANDA

    2. Joe June 9, 2021 at 1:21 am Reply

      Ecobank is a great African bank. Love their services. Lagos in Nigeria. Joe

    3. Ali June 9, 2021 at 1:23 am Reply

      Subscriber of new Africa business news newsletter. Love it. Cairo Egypt. Ali

    4. Fatima June 9, 2021 at 1:24 am Reply

      Thank you for the newsletters. Great job. Paris in France. Fatima

    5. William June 9, 2021 at 1:26 am Reply

      Thanks for reporting, love your daily reports. William in Monrovia LIBERIA

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