Ecobank Repays $300m Eurobond Early
- Ecobank Nigeria Limited has fully repaid it's $300 million Eurobond, settling obligations too bondholders who tendered their notes before the February 2026 maturity date.This was disclosed by the...
- Approximately $245 million,representing over 80% of the total Eurobond issuance,was prepaid initially.
- The tender offer had early and late deadlines of December 11 and December 29, 2025, respectively.Accepted and validly tendered notes were redeemed at $1,000 per $1,000 in principal,...
Ecobank Nigeria Completes Early eurobond Repayment
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Ecobank Nigeria Limited has fully repaid it’s $300 million Eurobond, settling obligations too bondholders who tendered their notes before the February 2026 maturity date.This was disclosed by the bank in a statement on Tuesday, January 9, 2026.
Details of the repayment
Approximately $245 million,representing over 80% of the total Eurobond issuance,was prepaid initially. The bond, a 7.125% senior note, was originally due in February 2026. on November 27, 2025, Ecobank nigeria launched a tender offer for the remaining $150 million outstanding, allowing investors to redeem holdings prior to the February 16, 2026 maturity.
Tender Offer Terms
The tender offer had early and late deadlines of December 11 and December 29, 2025, respectively.Accepted and validly tendered notes were redeemed at $1,000 per $1,000 in principal, plus accrued interest up to December 31, 2025. Following the offer, the outstanding principal was reduced to approximately $55.09 million.
Liability Management and Advisors
Ecobank Nigeria stated the transaction demonstrates its proactive liability management and balance sheet optimization strategies. Renaissance Capital Africa (Renaissance Securities Nigeria Limited) acted as financial advisor and dealer manager, while Sodali & co Limited served as the tender agent.