Ecobank Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, today signed a five-year senior unsecured loan facility of USD 250Million from Deutsche Bank AG.
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The Public Investment Company (PIC) of South Africa, one of the major institutional shareholders of ETI, is providing full credit support to Deutsche Bank in this transaction via a sub–participation of risk. This new facility of USD 250 million will be used primarily to refinance maturing facilities.
