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Ecobank Transnational Incorporated Repays Holders of Its $400 Million Convertible Debt

01 November 2022

Lomé, Togo, 1 November 2022 –– Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, announces today that it has repaid upon maturity the 5-year US$400 million convertible debt issued in September and October 2017.

The holders of the convertible debt did not exercise their option to convert their holding into ordinary shares during the conversion period of 19 October 2019 to 13 October 2022. As a result, ETI redeemed the debt at 110% of the principal amount, in line with the terms of the convertible debt agreements. In addition, the repayment did not affect ETI’s regulatory capital since the debt had been fully amortised for capital in 2021.


Madibinet Cisse

Group General Counsel and Company Secretary

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’)

Ecobank Group is the leading private pan-African banking group with unrivalled African bankingexpertise. The Group was established in 1985 with a pan-African vision and mandate to drive financialintegration. Today, Ecobank Group is present in 39 countries, including 35 in sub-Saharan Africa, anaffiliate in France, and representative offices in the United Kingdom, United Arab Emirates and China.Its unique Pan-African platform provides a single gateway for payments, cash management, trade, andinvestments across the continent and beyond. The company offers a comprehensive range of financialproducts, services, and solutions across multiple channels, including digital, through our Consumer,Commercial, Corporate and Investment Banking businesses. The Group employs 13,000 people,serving over 32 million customers, and is listed as Ecobank Transnational Incorporated on the NigerianExchange, Ghana Stock Exchange and Bourse Régionale des Valeurs Mobilières. For furtherinformation, visit www.ecobank.com or follow us on LinkedIn and Twitter.

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