Ecobank Transnational Incorporated has announced plans to raise fresh capital from the international debt market through the proposed issuance of Fixed Rate Reset Tier 2 Nature Notes as the pan-African banking group moves to strengthen its capital structure and refinance existing debt obligations.
In a disclosure released to the Nigerian Exchange Limited, the Ghana Stock Exchange and the Bourse Régionale des Valeurs Mobilières, the bank said the proposed issuance will be executed under the United States Securities and Exchange Commission Rule 144A and Regulation S framework.
The proceeds from the planned issuance will primarily be used to finance the concurrent tender offer for ETI’s existing $350 million 8.750 percent Tier 2 notes due June 2031.
Ecobank said an amount equivalent to the full net proceeds from the issuance will also be allocated toward financing or refinancing eligible green and sustainable assets in line with the group’s Green Bond Framework.
The move highlights the increasing shift by African financial institutions toward sustainable financing instruments as global investors continue to place greater emphasis on environmental and climate-linked investments.
The proposed Nature Notes are expected to qualify as Tier 2 capital instruments, supporting the group’s regulatory capital position while enhancing long-term funding flexibility across its operations.
ETI stated that the notes are expected to be listed on the London Stock Exchange and traded on its regulated market, subject to prevailing market conditions and completion of the necessary transaction documentation.
Ayo Adepoju said the transaction forms part of the group’s broader funding and sustainability strategy.
Ecobank operates in 34 African countries and serves more than 30 million customers across consumer, commercial and corporate banking segments.
The banking group employs approximately 14,000 people and maintains a presence outside Africa through its banking affiliate in France and representative offices in London, Dubai and Beijing.
The planned issuance comes at a time when African lenders are increasingly tapping international debt markets to refinance obligations, strengthen capital buffers and align funding structures with global sustainability standards.
