Ecobank obtains $250m loan to boost liquidity

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Ecobank Transnational Incorporated has announced securing a $250 million loan facility to bolster its liquidity buffers, according to a statement filed with the Nigerian Exchange Limited.

The facility, detailed by the Group Chief Financial Officer Ayo Adepoju, is a senior bridge-to-bond loan led by African Export–Import Bank and Africa Finance Corporation. It aims to support trade activities and general corporate purposes.

Adepoju expressed enthusiasm about the new facility, highlighting its significance in providing additional liquidity buffers for the bank. The loan facility, coordinated by Afreximbank and AFC, will support trade finance and general corporate needs of the group.

Source: Punch

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