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 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
