Row rect Shape Decorative svg added to bottom Supporting ETI’s journey in international markets Absa | Corporate and Investment Banking > Insights and Events > Supporting ETI’s journey in international markets SHARE Driving innovation in African banking with successful Eurobond and Bridge-to-Bond funding solutions. We are excited to announce the completion of a strategic transaction for Ecobank Transnational Incorporated (ETI), a key player in the banking sector. Absa participated as Mandated Lead Arranger, with $40 million in a bridge-to-bond facility for ETI, and as Joint Lead Manager and Joint Bookrunner on the $400 million Eurobond issuance used to refinance the bridge. This deal is a significant step for ETI, enabling it to refinance a maturing bond and secure funds to drive its growth plans. The transaction, which garnered strong international interest and was oversubscribed, marks ETI’s third venture into international bond markets and was the first public Eurobond issuance by a commercial financial institution in Sub-Saharan Africa since 2021. Using our expertise in global debt markets and access to an extensive investor network, we supported ETI in navigating challenging market conditions to achieve a successful outcome. This deal solidifies our position as the preferred partner bank for our clients on the continent, showcasing our extensive expertise in Africa's banking sector and capital markets. Contact Contact Victor Germeshuizen for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles 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 DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more
