Ecobank Transnational Incorporated (ETI) has begun the process to raise up to US$250 million in Additional Tier 1 (“AT1”) capital via a private placement of contingent convertible notes.
The decision to raise the capital follows the approval of the shareholders at its Extraordinary General Meeting held on May 28, 2025, in Lomé, Togo,
The private placement which started July 9 will last for a period of 10 days ending on July 22.
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Renaissance Capital Africa has been appointed as the transaction adviser to ETI on the proposed capital raise which represents a strategic initiative by ETI to strengthen its capital adequacy, enhance financial resilience, and support its long-term growth ambitions across its diversified pan African banking platform.
Ecobank Group is the leading private pan-African banking group with unrivalled African expertise. It is present in 35 sub-Saharan African countries, as well as France, the UK, UAE and China. Its unique pan African platform provides a single gateway for payments, cash management, trade and investment.
The Group employs over 14,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 32 million customers. For further information, please visit ecobank.com.
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