Ecobank Launches $250m Private Placement, Picks RenCap as Adviser

Pan-African lender Ecobank Transnational Incorporated (ETI) has launched a private placement of contingent convertible notes targeting proceeds of $250 million in 10 days starting on Wednesday.

ETI shareholders had approved the capital raising at its extraordinary general meeting on May 28, 2025, in Togo.

Renaissance Capital Africa has been appointed as the transaction adviser, it said in a statement.

“This proposed capital raise represents a strategic initiative by ETI to strengthen its capital adequacy, enhance financial resilience, and support its long-term growth ambitions across its diversified pan-African banking platform,” ETI said.