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Ecobank Repays $500m Eurobond at Maturity

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By Aduragbemi Omiyale The $500 million Eurobond issued to investors by Ecobank Transnational Incorporated in April 2019 has been redeemed by the financial institution. The corporate debt instrument matured on Thursday, April 18, 2024, and the bondholders were repaid their initial investment in the financial asset. It was the debut Eurobond of the lender and over the five-year period, about $24 million was paid to investors as coupon, according to a statement issued by the bank yesterday. Ecobank stated that the repayment of the bond marks its “financial strength” and the trust and confidence investors have in the company. “This