Africa: Ecobank Group Plans $500m Raise to Refinance Debt
Ecobank Transnational Incorporated (BRVM: ETIT) is preparing to raise $500 million through a subordinated debt issue as it moves to refinance part of its balance sheet ahead of a regulatory deadline in June 2026. The Lomé-based lender plans to use the proceeds to exercise a call option on about $350 million of existing Tier 2…