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 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
