Following the successful issuance of its sustainability-compliant bonds for an amount of US$350 million, Ecobank Transnational Incorporated ("ETI"), the parent company of the Ecobank Group based in Lomé, was invited by the London Stock Exchange (LSE) at a virtual opening ceremony. The objective is to celebrate the successful issuance of its Tier 2 bonds, which comply with sustainable development standards, on the main market of the LSE.

This transaction marked the first issue of Tier 2 bonds compliant with sustainable development standards by a financial institution in sub-Saharan Africa. The bonds, which mature in June 2031, have a call option in June 2026 and were issued with a coupon of 8.75% and interest payable semi-annually in arrears. Investor interest in this Sophomore Eurobond issue was global, spanning the UK, US, Europe, Middle East, Asia and Africa, reaching an oversubscription of 3.6x, or more than US$1.3 billion at its peak. For Ade Ayeyemi, CEO of ETI Group, the strong interest of investors around the world in this issue reflects their confidence in Ecobank's strategy and commitment to sustainable finance.