ECOBANK TRANSNATIONAL INCORPORATED 8.75%-FRN LT2 17/06/2031ECOBANK TRANSNATIONAL INCORPORATED 8.75%-FRN LT2 17/06/2031ECOBANK TRANSNATIONAL INCORPORATED 8.75%-FRN LT2 17/06/2031

ECOBANK TRANSNATIONAL INCORPORATED 8.75%-FRN LT2 17/06/2031

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Overview
Analysis

15BX analysis



Key facts


Issue date
Jun 17, 2021
Maturity date
Jun 17, 2031
Outstanding amount
‪350.00 M‬USD
Face value
1,000.00USD
Minimum denomination
200,000.00USD
Coupon
8.75% (Variable)
Yield to maturity
8.62%
Ecobank Transnational, Inc. engages in the provision of retail, corporate, and investment banking services. It operates through the following segments: Corporate and Investment Bank (CIB), Consumer, Commercial, and Others. The CIB segment offers one-stop banking services to multinationals, regional companies, government and government agencies, financial institutions, and international organizations across the network. The Consumer segment focuses on serving banking customers that are individuals. The Commercial segment deals with serving local corporates, small and medium corporates, small and medium enterprises, schools, and churches. The company was founded on October 3, 1985 and is headquartered in Lome, Togo.
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