Ecobank Transnational to Raise $250m Additional Tier 1 Capital via Private Placement
Pan-African banking group, Ecobank Transnational Incorporated (ETI), has announced the commencement of its Additional Tier 1 (AT1) capital raise following shareholder approval at its Extraordinary General Meeting (EGM) held on May 28, 2025, in Lomé, Togo.
The capital raise, which seeks to secure up to $250 million through a private placement of contingent convertible notes, was officially launched on July 9, 2025, and is scheduled to run for ten days. Renaissance Capital Africa has been appointed as the transaction adviser for the issuance.
In a statement, ETI noted that the move forms part of its broader strategy to bolster its capital adequacy, strengthen financial resilience, and drive long-term growth across its diversified operations on the continent.
The AT1 issuance is expected to enhance ETI’s balance sheet and position the Group to better navigate evolving regulatory requirements while seizing new market opportunities across its pan-African footprint.
Ecobank’s decision to issue the Additional Tier 1 instruments comes at a time when several banks operating in frontier markets are seeking to deepen their capital buffers to remain resilient in the face of global economic uncertainties and increasing regulatory pressures.
