A key subsidiary of Ecobank Transnational Incorporated (ETI) said it is seeking to raise capital from the international debt capital market through the issuance of Ecobank Nigeria Eurobond of $300 million senior notes.
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Amidst foggy global economic realities caused by the coronavirus (Covid- 19) pandemic-induced crisis, analysts at Coronation Research have said that Nigeria will likely return to the Eurobond market next year. The analysts, who made the prediction in a note obtained Business Metrics, argued that Nigeria’s position was better than those of some other African countries, such as Zambia and Angola, which have recently sought to restructure private -sector debt, including Eurobonds. The analysts noted that although there was a rise in Eurobond yields a fortnight ago, with Zambia’s 2027 Eurobond…
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