Black Friday 2021 — Up to 50% off selected products. Ends midnight!
· More
Ecobank Zambia
Ecobank Zambia
Posted News
over 2 years ago

Ecobank hosted by London Stock Exchange after successful $500 million Eurobond issuance

Following its successful $500 million Eurobond issuance on 7th June 2019, Ecobank Transnational Incorporated (‘ETI’), the Lomé-based parent company of the Ecobank Group, was hosted by the London Stock Exchange to a market opening ceremony to celebrate the successful listing of the Eurobond on the London Stock Exchange (LSE) main market.

The bond was oversubscribed with strong demand from international investors in the United Kingdom, United States, Europe, Middle East, Asia and Africa. It follows on from Ecobank’s 2017 convertible bond issuance on the International Securities Market.

The five-year senior unsecured notes, which mature in April 2024, were launched with a coupon interest rate of 9.50 percent per annum payable semi-annually in arrears.

Ade Ayeyemi, Group CEO of Ecobank said: “The successful issuance of our inaugural Eurobond on the main London market demonstrates international investors’ approval and confidence in Ecobank’s long-term strategy and prospects as a strong and sustainable pan-African financial services institution. It also demonstrates the ability of African corporates to access international capital markets.”

Ayo Adepoju, Acting Group CFO of Ecobank commented: “Ecobank places great emphasis on constantly reviewing our capital allocation strategies to ensure that we have the right strategic positioning, competitive advantages, products and resources to increase efficiency and profitability. Our access to international capital markets are part of the mix and enable us to boost our liquidity profile, refinance maturing facilities and strengthen our foundations to ensure long-term sustainable growth and profitability for all our stakeholders.”

ETI will use the net proceeds of the placement for general corporate purposes including the refinancing of maturing debt facilities.

Members of the ETI board and management attended the London Stock Exchange on 7 June to celebrate the successful issuance of the bond.

Below, Ecobank Chairman Emmanuel Ikazoboh (2nd from left) opens the London Stock Exchange with Group CEO Ade Ayeyemi (3rd from left).

 Ecobank hosted by London Stock Exchange after successful $500 million Eurobond issuance
Ecobank Zambia image
Ecobank Zambia
Lusaka
Corporate finance
Investment
Personal banking
Loans and mortgages
Micro finance
Electronic payment systems
Commercial banking
Ecobank Zambia is part of the Ecobank Group, a leading pan-African bank with operations in 36 countries across the continent. Ecobank currently operates in countries in West, Central, East and Southern Africa including Angola, Cape Verde, Cameroon, Ethiopia, Gabon, Ghana, The Gambia, Kenya, Liberia, Malawi, Mali, Mozambique, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Uganda, Zimbabwe and many more.
You may be interested in...
Salt & Black Pepper Grinder Set 12 Sets  image
K450
Buy on Shopbwana
Salt & Black Pepper Grinder Set 12 Sets
Seasoning / Condiment
Walker Bay Spice
Resupply your stock with Walker Bay Spice' salt and pepper sets. This case of 12 sets (6 salt grinders & 6 pepper grinders)
Cooking & Grill Sauce  Steakhouse Sauce  375ml X 12  image
K189.72
Buy on Shopbwana
Cooking & Grill Sauce Steakhouse Sauce 375ml X 12
Seasoning / Condiment
Jimmy's Sauces
An original and versatile steakhouse sauce is excellent when used as a marinade, basting sauce or even as a dipping sauce for all of your favourite foods.
Cooking & Grill Sauce  Steakhouse Sauce  750ml X 12  image
K338.52
Buy on Shopbwana
Cooking & Grill Sauce Steakhouse Sauce 750ml X 12
Seasoning / Condiment
Jimmy's Sauces
An original and versatile steakhouse sauce is excellent when used as a marinade, basting sauce or even as a dipping sauce for all of your favourite foods.
Petroleum Jelly  Infused with Rose Water Talc Fragrance  15ml X 12 image
K60
Buy on Shopbwana
Prevent dry and cracked skin by keeping your skin hydrated with First Class Products Moisturising Petroleum Jelly powered with Ultimate Hydration. First Class Products Body Care Petroleum Jelly moisturises, nourishes, and repairs your skin from head to toe, resulting in radiant and glowing skin.
Petroleum Jelly  Infused with Rose Water Fragrance-Free  250ml X 12 image
K120
Buy on Shopbwana
Prevent dry and cracked skin by keeping your skin hydrated with First Class Products Moisturising Petroleum Jelly powered with Ultimate Hydration. First Class Products Body Care Petroleum Jelly moisturises, nourishes, and repairs your skin from head to toe, resulting in radiant and glowing skin.
Liener Investments image
Liener Investments
Building contractors
Building materials
Property improvement
Lusaka
Liener Investments offers a full range of services including general construction, flooring (epoxy and PU systems), waterproofing (cementitious and bitumen systems), concrete repair and crack injection (floors, walls and wet systems). This company is an official supplier and accredited applicator of Sika, Alcolin and Verni products in Zambia. Liener Investments is committed to innovation, continuous professional development and the latest technology in order to deliver quality and timely construction projects.
Zamsafes and Alarms image
Zamsafes and Alarms
Security systems
Metal fabrication and parts
Lusaka
Zamsafes and Alarms is Zambia’s pioneer in the provision of tried and tested banking as well as tailor made security solutions. They pride themselves in the ability to match international quality standards in all products and services supplied. Incorporated in 2010, this company now commands over 85% of the Zambian market in the supply and installation of vault doors, strong room doors, cash teller canisters, money and document explosive resistant safes, cash-in-transit boxes, fireproof cabinets, ATM tamper-proof doors as well as custom made security products.
LEXKA Fire Equipment & Services Ltd image
LEXKA Fire Equipment & Services Ltd
Fire safety equipment
Inspection and Testing
Lusaka
+5 locations
Lexka Fire Equipment and Services Ltd, registered in 2001, is a dynamic fire company with a sound management and technical team, and a national footprint. It has branches in Lusaka, Chipata, Mongu, Kasama, Ndola and Livingstone. The company specialises in the installation and servicing of all types of fire equipment for domestic and industrial use, from portable fire extinguishers to gas and extinguishing systems. Other services include basic fire fighting training, first aid training, and fire and safety audits.
Syngenta Zambia image
Syngenta Zambia
Agribusiness
Agrochemicals
Seeds and seedlings
Lusaka
A leading agricultural company that manufactures and distributes agrochemicals and seeds. With an ambition to help safely feed the world while taking care of the planet, Syngenta Zambia aims to improve the sustainability, quality and safety of agriculture with world class science and innovative crop solutions. Their technologies enable farmers to make better use of limited agricultural resources. Through partnerships, collaboration and its own 'Good Growth Plan', Syngenta is committed to improving farm productivity, rescuing land from degradation, enhancing biodiversity and revitalising rural communities.
Bobbili Gems image
Bobbili Gems
Gemstones and Lapidary
Weddings and Bridal
Jewellery and watches
Kitwe
+2 locations
Established in 2001, Bobbili Gems specialises in exotic and custom made jewellery made from Zambian semi-precious stones, gold and silver. Their collection consists of wedding rings, designer jewellery, collector's gems and jewellery, diamond jewellery, costume jewellery as well as faceted stones. If you have a ring that does not fit comfortably, Bobbili offers resizing services. To keep your ring clean and shining, you can take it to them for cleaning and polishing. Bobbili believes that keeping their prices as low as possible and giving the best service is what makes their jewellery most sought after. Allow Bobbili to share the greatest moments of your life!