web hit counter Ecobank obtains bondholders approval for key amendments to boost capital adequacy – See The Stars

Ecobank obtains bondholders approval for key amendments to boost capital adequacy

Ecobank Nigeria has successfully secured the approval of its noteholders to amend key provisions tied to its $300 million Senior Note Participation Notes due in 2026, following the severe impact of the Naira’s devaluation on its capital adequacy ratio. The approval was announced after a meeting held on September 16, 2024, during which noteholders passed …

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