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Ecobank hits LSE, lists US...

Ecobank Nigeria has listed its $300 senior...

Ecobank hits LSE, lists US $300million bond

Ecobank Nigeria has listed its $300 senior unsecured bond on the London Stock Exchange (LSE). The bank opens the market at the LSE via a virtual ceremony to mark the listing of the bond. The bank in a statement announcing the development said: “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...

Ecobank hits LSE,...

Ecobank Nigeria has listed its $300 senior unsecured bond on the London Stock Exchange (LSE). The bank opens the market at the LSE via...
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