You no go believe this one, my people! Ecobank Nigeria don collect sense, and they don fully repay bondholders wey gree tender their notes before February 2026 maturity date. E be like say dem no wan carry wahala go 2026!
In one correct statement wey dem release, Ecobank yarn say dem don pay about $245 million out of the $300 million Eurobond wey dem sell, wetin be over 80 percent of di total notes. Na serious business, o!
Dem 7.125 percent Senior Note wey dey due for February 2026 na di main gist. For November 27, 2025, Ecobank release tender offer wey allow eligible bondholders cash out early, wey fit save dem from di wahala wey dey come for di future. Early and late tender dates na December 11 and December 29, 2025, respectively. If you tender your note, you go collect $1,000 cash for every $1,000 wey you get plus some small interest wey don accrue since last payment.
As e be now, outstanding principal don drop to around $55.092 million. This move na proof say Ecobank dey sharp and sabi wetin dem dey do for di business side, wey show say dem dey manage their liabilities well and dey optimize their balance sheet like true champions.
Na Renaissance Capital wey dey do di periwinkle work as financial adviser and dealer manager. E no stop there, Sodali & Co Limited dey help dem as tender agent. This whole Eurobond wahala, na originally EBN Finance Company B.V. issue am, and di whole thing na to finance di 7.125 percent Senior Note wey Ecobank carry come.
Na so e be, my pipo! Dem no fit carry di bondholders carry wahala go 2026; dem don settle everywhere with ginger. Naija hustle no dey easy but some people dey follow di right path. Ayo bob, una dey ready to cash out like dis?
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