Ayo Adepoju, Group Chief Financial Officer of ETI, highlighted that the Eurobond, issued in April 2019, received positive reception from global investors, including long-term partners FMO and Proparco. The repayment of the Eurobond, totaling $524 million including interest, reflects ETI’s solid financial standing and its commitment to fulfilling its financial obligations.

The Eurobond, listed on the main market of the London Stock Exchange with a coupon rate of 9.5 percent, played a significant role in expanding ETI’s investor base and enhancing its brand visibility in global capital markets. Despite challenges in the operating environment, including disruptions in the world supply chain and financial markets, ETI has demonstrated resilience through strong liquidity, a robust balance sheet, and effective leadership.

Source: Punch