REG - Ecobank Transnat'l - Tender Offer Final Results

Standard CharteredAnnouncement

Mon 13:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260518:nRSR7606Ea&default-theme=true

RNS Number : 7606E  Ecobank Transnational Incorporated  18 May 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PERSONS INTO WHOSE
POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY THE OFFEROR, THE DEALER
MANAGERS AND THE INFORMATION AND TENDER AGENT TO INFORM THEMSELVES ABOUT, AND
TO OBSERVE, ANY SUCH RESTRICTIONS

 

Ecobank Transnational Incorporated announces the results of its Invitation to
Purchase its Notes for Cash

18 May 2026 - Ecobank Transnational Incorporated ("ETI" or the "Offeror")
announces the results of its invitation to eligible holders (the
"Noteholders") of its outstanding U.S.$350,000,000 Fixed Rate Reset Tier 2
Sustainability Notes due 2031 (Rule 144A CUSIP: 27889PAB9; ISIN: US27889PAB94;
Regulation S ISIN: XS2348420303) (the "Notes") to tender any and all of such
Notes for purchase by the Offeror for cash (the "Offer"), on the terms and
subject to the conditions set forth in the tender offer memorandum dated 7 May
2026 (the "Tender Offer Memorandum").

The Expiration Deadline for the Offer was 5.00 p.m. (New York City time)
on 15 May 2026. As at the Expiration Deadline, the Offeror had received valid
tenders of U.S.$207,966,000 in aggregate principal amount of Notes for
purchase pursuant to the Offer.

On 12 May 2026, the Offeror successfully priced the U.S.$450,000,000 Fixed
Rate Reset Tier 2 Nature Notes due 2036 (the "New Notes"), meaning that the
New Financing Condition has been satisfied. Accordingly, the Offeror will
accept for purchase all Notes validly tendered for purchase.

The Tender Offer Settlement Date in respect of the Notes accepted for purchase
will be 19 May 2026. All Notes accepted for purchase will be cancelled and
will not be reissued or resold. On 15 May 2026, the Offeror submitted an
irrevocable notice of early redemption for the redemption of all Notes on 17
June 2026.

All documentation relating to the Offer, including the Tender Offer Memorandum
and any amendments or supplements thereto, are available to Noteholders via
the Transaction Website accessible at: https://projects.sodali.com/ETI
(https://debtxportal.issuerservices.citigroup.com) , subject to eligibility
confirmation and registration. The Offer is subject to offer restrictions in,
among other countries, the United Kingdom, Italy and France, as described in
the Tender Offer Memorandum. Capitalised terms used in this announcement but
not defined have the meanings given to them in the Tender Offer Memorandum.

 

Further information

Ecobank Development Corporation, Renaissance Capital Africa and Standard
Chartered Bank (together, the "Dealer Managers") have been appointed by the
Offeror to serve as dealer managers for the Offer. Sodali & Co Limited
(the "Information and Tender Agent") has been appointed by the Offeror to act
as the information and tender agent in connection with the Offer.

For additional information regarding the Offer, please contact Ecobank
Development Corporation by email at investmentbankingteam@ecobank.com
(mailto:investmentbankingteam@ecobank.com) , Renaissance Capital Africa by
email at Liability_Management@rencapafrica.com
(mailto:Liability_Management@rencapafrica.com) , and Standard Chartered Bank
by email at liability_management@sc.com (mailto:liability_management@sc.com)
or by telephone at +44 20 7885 5739 / +1 212 667 0351 / +852 3983 8658 / +65
65578286. Requests for documents may be directed to the Information and Tender
Agent via email: ETI@investor.sodali.com (mailto:ETI@investor.sodali.com) or
telephone: London: +44 20 4513 6933 / Stamford: +1 203 658 9457 / Hong Kong:
+852 2319 4130.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  OUPFVLFFQELLBBB



            Copyright 2019 Regulatory News Service, all rights reserved