Ecobank Nigeria Completes US$300M Eurobond Repayment

Ecobank Nigeria announced the successful repayment of its outstanding principal and accrued interest on US$300 million Eurobond notes, which are due on February 16, 2026. This repayment represents a significant milestone in the bank's liability management strategy and is part of its broader efforts to strengthen its overall balance sheet.

Following the full repayment of the Eurobond obligation, Ecobank Nigeria plans to focus its funding initiatives primarily on the domestic capital market. This strategic shift reflects the bank's growing confidence in Nigeria's local debt market and aligns with its long-term objective to optimize funding costs while deepening its participation in the domestic financial ecosystem.

The bank will prioritize domestic credit and local debt issuance to achieve its funding objectives. The successful repayment reinforces Ecobank Nigeria's commitment to maintaining a resilient balance sheet and sustaining investor confidence.

The tender offer was conducted by Renaissance Capital, with Sodali Co. Ltd. serving as the tender agent.