Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the bond’s February 2026 maturity date, the bank announced on Tuesday.

The bank prepaid approximately $245 million of its $300 million Eurobond, representing over 80 percent of the total issuance. The 7.125 percent Senior Note was originally due in February 2026.

According to the statement, “On 27 November 2025, Ecobank Nigeria Limited launched a tender offer to eligible noteholders for the outstanding $150 million on the bond, providing an opportunity to redeem their holdings before the original maturity date of 16 February 2026. Early and late tender participation deadlines were 11 December 2025 and 29 December 2025, respectively. Holders who validly tendered and were accepted received a cash consideration of $1,000 per $1,000 in principal amount, plus accrued interest from the last interest payment date up to, but excluding, the final settlement date of 31 December 2025. Following the offer, the outstanding principal amount of the notes was reduced to approximately $55.092 million. This initiative reflects Ecobank Nigeria’s proactive approach to liability management and prudent balance sheet optimisation.”

The tender offer was conducted with Renaissance Capital Africa (Renaissance Securities Nigeria Limited) as financial adviser and dealer manager, while Sodali & Co Limited served as tender agent.

The notes were originally issued by EBN Finance Company B.V., with limited recourse to the issuer, solely to finance the $300 million 7.125 percent Senior Note due 2026 issued by Ecobank Nigeria Limited.