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 Financing agricultural growth across Southern Africa Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets. Read more DEALS Advancing renewable energy resilience through structured finance Absa Corporate and Investment Banking supported Envusa Energy, a joint venture between Anglo American and EDF Power Solutions, in the financing of the Sishen Solar PV project. The embedded renewable energy facility will supply solar power directly to the Sishen Iron Ore Mine in the Northern Cape, South Africa. Read more DEALS Enabling mining development to support South Africa’s economic growth Absa CIB acts as joint mandated lead arranger, hedge provider, account bank and facility agent for West Wits Mining’s Qala Shallows Gold Project Read more
