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 Powering Africa’s Skyward Growth in Aviation Absa Corporate and Investment Bank (CIB) is supporting the continued growth of Aircraft Engine Lease Finance Inc. (AELF) through a USD72 million financing facility. The facility will enable AELF to acquire an additional aircraft as part of its broader fleet-diversification strategy. Read more DEALS Capital that builds confidence in South Africa’s tomorrow Absa Corporate and Investment Banking (CIB) is proud to partner with the South African National Treasury as the sole lead arranger and infrastructure finance structuring agent of a R11.8 billion Infrastructure and Development Finance Bond. This purpose-driven instrument is designed to finance or refinance priority infrastructure under the Government’s Budget Facility for Infrastructure (BFI) programme. Read more DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more
