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Ecobank To Raise $400 million To Strengthen Capital Position

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Ecobank has secured shareholders’ approval to raise $400 million in its convertible bonds to restructure its operations and strengthen the group’s capital position. This was secured at the Annual General Meeting and Extraordinary General Meeting held in Lome, Togo of the parent company of Ecobank group, Ecobank Transnational Incorporated. The convertible bond issue will have a maturity of five years ...

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