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African lender Ecobank raises $350 million on bond market

06/12/2021 | 09:59am EDT

ABIDJAN (Reuters) - Pan-African lender Ecobank has raised $350 million on the bond market in London, the company said late on Friday.

The debt, which will be listed on the London Stock Exchange, has a semi-annual interest rate of 8.75% and matures in June 2031 with an option to buy in 2026, Ecobank said in a statement.

(Reporting by Loucoumane Coulibaly; Editing by Aaron Ross)


© Reuters 2021
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