Ecobank Borrows Another $50m, Taking Total Borrowing to $250m from Deutsche Bank Alone

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ECOBANK TRANSNATIONAL INCORPORATED: ETI Signs USD 50 Million Senior Unsecured Loan Facility – Ecobank Transnational Incorporated (“the Company”) has notified The Nigerian Stock Exchange that the Company has signed a one-year senior unsecured loan facility of USD 50 million arranged by Deutsche Bank AG. The facility will be used for general corporate purposes.
ETI successfully raised a USD 200 million loan facility from Deutsche Bank in December 2014. This new USD 50 million loan facility brings total funding arranged by Deutsche Bank to $250 million.
Altogether, in the last six months, Ecobank has raised approximately USD 1 billion in combined equity and debt capital for its parent company and its businesses in Nigeria, the largest of the group’s affiliates.