Ecobank Nigeria Limited has significantly reduced its foreign debt exposure after completing an early repayment of about $245 million from its $300 million Eurobond due in February 2026.
The move means the lender has now settled more than 80 percent of the bond ahead of schedule.
The repayment followed a successful tender offer to eligible investors holding the bank’s 7.125 percent senior notes. The offer, launched in late November 2025, allowed bondholders to redeem their investments before the original maturity date.
Participants who tendered their notes within the stated deadlines received full repayment at face value, alongside accrued interest up to the final settlement date of December 31, 2025.
The News Chronicle understands that the transaction has reduced the outstanding balance on the Eurobond to roughly $55.09 million, easing future repayment pressure and strengthening the bank’s balance sheet position.
Ecobank Nigeria described the exercise as part of a broader strategy to actively manage liabilities and optimise its financial structure in a challenging global funding environment.
Market analysts see the early repayment as a positive signal to investors, reflecting confidence in the bank’s liquidity position and long term outlook.
The tender process was executed with Renaissance Capital Africa as financial adviser and dealer manager, while Sodali and Co Limited acted as tender agent.
The notes were originally issued through EBN Finance Company B.V. to support Ecobank Nigeria’s 2026 bond programme.
