Row rect Shape Decorative svg added to bottom Supporting ETI’s journey in international markets Absa | Corporate and Investment Banking > Insights and Events > Supporting ETI’s journey in international markets SHARE Driving innovation in African banking with successful Eurobond and Bridge-to-Bond funding solutions. We are excited to announce the completion of a strategic transaction for Ecobank Transnational Incorporated (ETI), a key player in the banking sector. Absa participated as Mandated Lead Arranger, with $40 million in a bridge-to-bond facility for ETI, and as Joint Lead Manager and Joint Bookrunner on the $400 million Eurobond issuance used to refinance the bridge. This deal is a significant step for ETI, enabling it to refinance a maturing bond and secure funds to drive its growth plans. The transaction, which garnered strong international interest and was oversubscribed, marks ETI’s third venture into international bond markets and was the first public Eurobond issuance by a commercial financial institution in Sub-Saharan Africa since 2021. Using our expertise in global debt markets and access to an extensive investor network, we supported ETI in navigating challenging market conditions to achieve a successful outcome. This deal solidifies our position as the preferred partner bank for our clients on the continent, showcasing our extensive expertise in Africa's banking sector and capital markets. Contact Contact Victor Germeshuizen for more information https://www.cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports Waco Africa’s growth ambitions with strategic funding solution Absa Corporate and Investment Banking (CIB) has successfully supported Waco Africa with a comprehensive funding package designed to strengthen the group's growth trajectory and support its long-term strategic objectives. Read more DEALS Connecting African ambition to global expertise Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services. Read more DEALS Financing agricultural growth across Southern Africa Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets. Read more
