FMO to spearhead Ecobank’s $350 million issue
The pan-African institution that has demonstrated its pivotal position in the regional landscape looks to step up its lending around sustainable development.
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▪ FMO to spearhead Ecobank’s $350 million issue
▪ The pan-African institution that has demonstrated its pivotal position in the regional landscape looks to step up its lending around sustainable development.
▪ https://www.africabusinessplus.com/en/808327/fmo-to-spearhead-ecobanks-350-million-issue/
According to the Dutch bank FMO, which led the $350 million fundraising by Ecobank on 10 June, this transaction is “historic” for Africa. It is the first Tier 2 bond issue—as defined by the Basel III agreements—issued by a transcontinental group outside South Africa. With this critical commitment of $50 million, the European institution reaffirms its confidence in Ade Ayeyemi‘s institution.
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