Ecobank Nigeria’s $300 bond carries 7.125% coupon rate

Ecobank Group

Ecobank Nigeria’s $300 bond carries 7.125 %coupon rate   Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully priced its $300 million bond issuance maturing in February 2026, with settlement of the bond to take place on February 16, 2021. The fixed-rate, US dollar-denominated bond, with a tenor of five years, carries a coupon rate of 7.125 per cent and will be listed on the London Stock Exchange. It is accompanied by an Issuer Rating of B- from Fitch Rating…

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