Overview

Ecobank ⁢Nigeria ⁤Limited has initiated a tender offer for its⁢ outstanding $150 million in⁢ 7.125% Senior Note Participation Notes due‍ 2026. This move, announced on November 28, 2025, is part ⁢of a broader strategy‍ to strengthen the‍ bank’s ⁤financial position adn optimize its balance sheet. The offer is scheduled to close ‍and settle on or before December⁢ 31, ⁤2025.

Tender Offer Details

Eligible noteholders who‌ participate in the tender offer⁣ and have thier notes accepted will receive‌ $1,000​ in cash ‌for every $1,000 in principal amount, plus any accrued and unpaid interest up to,‌ but not including, the settlement date. The bank stated this offer provides investors with an possibility to redeem their‌ holdings before the notes’ original maturity date of February 16, 2026.

The tender offer‌ is⁤ a component of Ecobank Nigeria’s overall funding and capital management strategy. this strategy focuses on enhancing financial flexibility, optimizing debt management, and⁤ maintaining a robust debt⁣ profile. ⁣ The bank aims ⁣to proactively manage its financial obligations and ensure a strong financial foundation.

executive Commentary

Ade ​Ayeyemi,‌ Chief Executive Officer of Ecobank Nigeria, emphasized‌ the bank’s commitment to sound financial ‌planning and⁢ proactive obligation management. “This proposed offer reflects our dedication to liability management and balance sheet optimisation,”⁢ Ayeyemi stated. ⁢​

Background on Ecobank Nigeria

Ecobank Nigeria Limited is a subsidiary of the ‍Pan-African ‌Ecobank Group. ⁢ Ecobank Transnational Incorporated (ETI) is the parent company, listed on the nigerian Exchange and the Ghana Stock Exchange. Ecobank provides a wide ⁤range of​ banking ⁣services, including retail, corporate,‍ and⁢ investment banking.

Timeline