Ecobank Nigeria Repays $300m Eurobond Notes Early

Ecobank Nigeria Limited has successfully completed the early repayment of its $300 million Eurobond notes, representing 80% of the total issuance. The bank launched a tender offer for the notes due in February 2026, allowing holders to redeem them ahead of the original maturity date.

The offer was managed by Renaissance Capital Africa and Renaissance Securities Nigeria Limited. By proactively managing its liabilities, Ecobank Nigeria optimized its balance sheet through this tender offer, reducing the outstanding principal amount by around $55.092 million.