Ecobank Nigeria Ltd. has repaid $150 million, representing 50 percent of its $300 million 7.125 percent Eurobond due February 2026, reinforcing its liquidity position and commitment to balance sheet optimisation.
The early redemption, completed on July 8 through a tender offer and exit consent process, comes amid signs of improving cash flow driven by increased loan recoveries and early settlement of promissory notes from its parent company, Ecobank Transnational Incorporated.
The notes were trading near par before the buyback, underscoring investor confidence in the lender’s credit fundamentals.
