Ecobank to raise funds via dollar bonds

Ecobank to raise funds via dollar bonds

Pan-African lender, Ecobank said it is looking at raising debt capital via a dollar bond sale.

According to Reuters News, Ecobank decided to issue a five-year dollar-denominated bond after an investor meeting.

Reuters said in the report that Ecobank has hired Deutsche Bank, Standard Bank and Standard Chartered to arrange meetings from June 18.

The proceed of the debt raising will be used to refinance existing debt.