By Ireti Asemota.
Lagos, December 1, 2025 – Ecobank Nigeria Limited has initiated a tender offer for its remaining U.S. $150 million of the 7.125% Senior Note Participation Notes due February 16, 2026, providing holders an opportunity to redeem early as part of the bank’s proactive liability management strategy.
The offer, announced Friday, November 28, 2025, allows eligible Noteholders to tender their holdings for $1,000 per $1,000 principal amount, plus accrued and unpaid interest up to (but excluding) the settlement date. Originally issued for $300 million, $150 million remains outstanding.
Key Details
- Offer Period: Opened November 28, 2025; expected settlement on or before December 31, 2025.
- Eligibility: Open to all holders of the Notes.
- Pricing: Cash consideration of $1,000 per $1,000 principal + accrued interest.
- Purpose: Supports Ecobank Nigeria’s funding optimization, capital planning flexibility, and structured debt profile.
- Participation: Voluntary; holders should consider individual investment needs.
In a statement, Ecobank Nigeria emphasized transparency:
“This initiative reflects our proactive approach to liability management… The Proposed Offer aims to support the Bank’s broader funding strategy and reinforce our commitment to maintaining a well-structured debt profile.”
The bank underscored ongoing engagement with investors and partners, aligning with long-term capital efficiency goals.
For full terms, visit Ecobank Nigeria’s investor relations page or contact the tender agent. Participation closes per the offer memorandum.
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