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 Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more
