Row rect Shape Decorative svg added to bottom Connecting African Growth with Global Capital Absa | Corporate and Investment Banking > Insights and Events > Connecting African Growth with Global Capital SHARE Ecobank Transnational Inc. (ETI) required funding to support its operations and refinance maturing debt obligations. In a volatile global environment, accessing international capital markets with a successful outcome demanded both strategic execution and investor confidence. As Bookrunner, Absa played a pivotal role in enabling ETI’s return to the market through a $125 million tap of its existing $400 million 10.125% Senior Notes due 2029 - originally issued in November 2024. The tap was priced at a yield of 9.375%, effectively lowering ETI’s all-in funding costs and strengthening its capital position. This landmark transaction marks the first African financial institution issuance in the international markets following the recent US Liberation Day market disruption. It attracted strong demand from a diverse base of global investors - including banks, development finance institutions, and fund managers across Africa, the UK, Europe, and the US. By leveraging our global fixed income distribution platform, Absa ensured a seamless execution and a robust investor response, reaffirming our ability to bridge African ambition with global capital. This transaction not only supports ETI’s strategic goals but also reflects our continued commitment to unlocking growth, deepening partnerships, and empowering African issuers in global capital markets. Contact Victor Germeshuizen for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more DEALS Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more
