Ecobank International Corporate gets a facility of 200 million dollars from Deutsche Bank

2507-21822-ecobank-nigeria-annoncee-sur-le-terrain-des-emprunts-internationaux_LThe Pan-African banking group Ecobank Transnational Incorporated, announced in a statement signed on 9th December 2014, having mobilized from Deutsche Bank, an unsecured loan of an amount of $ 200 million repayable in one year, as part of syndication, which was characterized by a primary oversubscription to $ 230 million.

“This transaction reflects the strength of the Deutsche Bank distribution platform and strong execution capabilities in difficult market conditions. The product of this mobilization will be used for general corporate purposes” said Ecobank head office in the statement.

.Added to the 150 million dollars obtained from five banks last month, this loan brings to 350 million dollars, the repayable loan volume over the year, obtained by Ecobank Transnational Incorporated.

This new operation confirms a comment made by the rating agency Fitch Ratings in its rating of 15 October. He pointed out that the entry in the Ecobank Transnational Incorporated capital of two strategic partners namely Qatar National Bank and the South African , had improved its ability to raise funds for its ordinary operations.

About Khalid Al Mouahidi 3757 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network