Ecobank Nigeria moves to buy back its US$300m 7.125% bond as 2026 maturity nears.
The bank in a statement said: “As at the date of this announcement, $150 million of the Notes remain outstanding.
Ecobank Nigeria Limited announced that its proposed tender offer commenced on Friday, 28 November 2025, and is expected to settle on or before 31 December 2025. Noteholders who validly tender their Notes and have them accepted for purchase will receive $1,000 per $1,000 in principal, plus accrued and unpaid interest up to—but not including—the settlement date.
The initiative reflects Ecobank Nigeria’s proactive approach to liability management and balance sheet optimisation. By launching the tender offer, the Bank is giving eligible Noteholders the opportunity to redeem their holdings ahead of the original maturity date of 16 February 2026. The offer supports the Bank’s broader funding strategy, enhances capital planning flexibility, and reinforces its commitment to maintaining a well-structured debt profile.
Commenting on the announcement, the Bank stated that the offer demonstrates its commitment to transparent engagement with funding partners and investors. It also aligns with Ecobank Nigeria’s long-term objective of ensuring efficient capital management while maintaining confidence in its financial obligations.
Participation in the offer is entirely at the discretion of Noteholders, who may choose to tender based on their individual investment considerations.