Ecobank Nigeria Moves to Fully Repay $300M Eurobond Ahead of Schedule & Strengthens Liquidity and Market Confidence

Lagos & Abuja, Nigeria — Ecobank Nigeria, one of Nigeria’s major commercial banks and a key subsidiary of Ecobank Transnational Incorporated (ETI), has taken a strategic financial step by launching an early redemption programme for its remaining $150 million Eurobond, demonstrating robust liquidity management and commitment to balance-sheet strength even in a challenging macroeconomic environment.

Eurobond Early Repayment to Boost Investor Confidence

On December 10, 2025, Ecobank Nigeria announced the launch of a tender offer to fully repay its remaining portion of the $300 million senior notes due February 2026 before maturity — a move signalled to be completed by end of 2025. Under the terms, investors whose holdings are accepted will receive full principal repayment plus accrued interest, underpinning the bank’s sound liquidity position and ability to manage financial obligations proactively.

This early repayment drive follows a broader transformation and capital-strengthening strategy that includes asset quality improvement, aggressive loan recovery, and capital injections from the parent, positioning Ecobank Nigeria to navigate regulatory requirements and economic headwinds.

Strengthened Financial Fundamentals Amid Turnaround Efforts

According to recent market insight, Ecobank Nigeria’s transformation programme has begun delivering measurable results:

• Improved revenue and loan performance: Prior reporting highlighted a 30 % increase in revenue and a nearly 90 % rise in profit before tax in the first half of 2025, driven by tighter risk management and improved asset classification.
• Asset quality focus: The bank’s dedicated “asset quality war room” contributed to reducing non-performing loans by reclassifying significant portions of loan portfolios and improving loan recoveries.
• Liquidity resilience: By repaying half of its Eurobond early and launching a full redemption programme, Ecobank Nigeria has repeatedly signalled strong cash flow and operational discipline to local and global investors.

These concerted efforts align with the bank’s broader transformation agenda aimed at enhancing profitability, restoring capital adequacy, and ensuring regulatory compliance — all while supporting clients and households across Nigeria’s dynamic economy.

Why This Matters for Nigeria’s Financial Sector

Market Confidence: Early full repayment of international debt obligations sends a powerful signal of creditworthiness and financial stability amid ongoing global volatility.

Liquidity Strength: Robust liquidity means the bank can continue to lend to businesses and consumers, supporting economic activities from SME growth to household financing.

Transformation Impact: Measurable revenue and profitability improvements reflect resurgence after difficult past cycles, giving both depositors and investors reason to stay optimistic about Nigeria’s banking landscape.