Lomé-based Ecobank Transnational Incorporated (ETI) has launched a $250 million private placement of Tier 1 convertible bonds, beginning July 9, 2025. Approved by shareholders in May, the move is designed to strengthen the bank’s capital base and support its African expansion.
Ecobank operates in 35 countries and aims to boost lending to SMEs, individuals, and governments, while investing in digital services. The bank remains financially strong, with $1.18 billion in equity reported at the end of 2024. This latest fundraising effort is led by Renaissance Capital Africa. It follows two earlier successful operations totaling $525 million. The current placement will run for 10 days. ETI says the move positions it well amid rising regulatory demands and growing competition.
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