ETI Releases Update on the $400m Convertible Bond Issue
On April 18, 2017, Ecobank Transnational Incorporated announced its proposed Convertible Bond issue of up to US$400 million. Further to the announcement and the shareholders’ approval at the Extra-Ordinary General Meeting held on June 16 2017, ETI wishes to provide the following update;
Transaction Advisers have been appointed to advise on the completion of the structure and terms of the convertible bond in line with the approval given by Shareholders. The transaction is expected to be completed before end of 2017;
Subject to the necessary legal and regulatory authorisations, the Convertible Bond will be listed on the International Securities Market (ISM) of the London Stock Exchange by end of 2017;
Subject to the necessary legal and regulatory authorisations, the terms of the transaction will be available to the Shareholders. Shareholders may contact ETI’s Investor Relations team to know more about the transaction.
All remaining information will be disclosed to the shareholders on the website as soon as possible.

Career    |    Downloads    |    News    |    FAQ    |   Online Support   |    Feedback    |    Legal    |    Policy    |    Contacts Us