Ecobank Nigeria Limited has completed the early repayment of its $300 million Eurobond, fully settling obligations to bondholders who validly tendered their notes ahead of the February 2026 maturity date.
The bank disclosed this in a statement issued on Tuesday.
According to the statement, Ecobank Nigeria had prepaid about $245 million—more than 80 per cent—of the total Eurobond issuance. The bond, a 7.125 per cent senior note, was originally scheduled to mature in February 2026.
On November 27, 2025, the bank launched a tender offer to eligible noteholders for the remaining $150 million outstanding on the bond, giving investors the option to redeem their holdings before the original maturity date of February 16, 2026.
The early and late tender deadlines were December 11 and December 29, 2025, respectively. Noteholders whose offers were validly tendered and accepted received $1,000 per $1,000 in principal, alongside accrued interest calculated up to—but excluding—the final settlement date of December 31, 2025.
Following the completion of the tender offer, the outstanding principal amount of the notes was reduced to approximately $55.09 million. Ecobank noted that the transaction underscores its proactive approach to liability management and prudent balance‑sheet optimisation.
The tender offer was executed with Renaissance Capital Africa (Renaissance Securities Nigeria Limited) acting as financial adviser and dealer manager, while Sodali & Co Limited served as the tender agent.
