Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced plans to raise funds from the international debt capital market to refinance existing debt and expand its green financing portfolio.
The company disclosed the plan in a filing submitted to the Nigerian Exchange Limited, Ghana Stock Exchange, and the Bourse Régionale des Valeurs Mobilières on May 7, 2026.
According to the disclosure signed by Group Executive Director and Chief Financial Officer, Ayo Adepoju, ETI intends to issue Tier 2 qualifying Nature Notes under U.S. SEC Rule 144A and Regulation S as part of its broader capital management and sustainability strategy.
ETI stated that the proceeds from the proposed issuance will primarily be used to finance a concurrent “any-and-all” tender offer for its existing $350 million 8.750% Tier 2 Notes due June 2031.
The bank added that the net proceeds would also support the financing and refinancing of eligible green assets under its Green Bond Framework.
The company said the planned issuance reflects its commitment to strengthening its capital structure while advancing sustainable finance initiatives across its operations.
The proposed debt raise follows ETI’s $250 million Additional Tier 1 (AT1) capital issuance approved by shareholders during an Extraordinary General Meeting held on May 28, 2025, in Lomé.
The issuance commenced on July 9, 2025, through a 10-day private placement of contingent convertible notes aimed at reinforcing the bank’s regulatory capital position.
The capital exercise formed part of the Group’s long-term strategy to support expansion across its pan-African banking operations.
ETI noted that the proposed Nature Notes transaction remains subject to market conditions and the completion of required documentation.
The transaction further highlights the growing interest among African financial institutions in tapping international capital markets to fund sustainability-focused projects.
Ecobank reported a strong financial performance in 2025, crossing the N1 trillion profit mark as treasury income continued to rise alongside traditional lending revenues.
The bank’s earnings growth was supported by increased deployment of liquidity into high-yield government securities amid stronger deposit growth.
Loans to customers remained the largest contributor to gross earnings, accounting for roughly one-third of total income.
The performance reflects Ecobank’s evolving income structure as it balances lending activities with growing investment income across its operations.