Ecobank Transnational Incorporated has announced its proposed convertible bond issue of up to US$400 million.
Further to its shareholders’ approval at the extra-ordinary general meeting held on June 16, 2017, ETI has appointed transaction advisers on the completion of the structure and terms of the US$400 million convertible bond in line with the approval given by shareholders.
The transaction, which is expected to be completed before end of 2017, is subject to the necessary legal and regulatory authorizations, after which, the terms of the transaction will be available to the shareholders.
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