In a remarkable display of financial strength and strategic foresight, Ecobank Nigeria Limited has successfully completed the early repayment of approximately $245 million of its $300 million Eurobond, delighting bondholders and showcasing the bank's robust position in the Nigerian financial sector.

The impressive transaction, which concluded on December 31, 2025, saw more than 80 percent of bondholders choose to participate in the tender offer, demonstrating strong confidence in the bank's management approach. This voluntary early repayment program gave investors the opportunity to receive their returns ahead of the original maturity date scheduled for February 16, 2026.

The tender offer, which launched on November 27, 2025, related to the bank's 7.125 percent Senior Note Participation Notes. Ecobank Nigeria's thoughtful approach included providing two participation windows—early and late tender deadlines on December 11 and December 29, 2025, respectively—giving bondholders flexibility in their decision-making process.

What makes this achievement particularly noteworthy is the consideration provided to participating bondholders. Those who validly tendered their notes received the full principal amount of $1,000 per $1,000 invested, plus all accrued interest from the last payment date through the settlement date. This transparent and fair treatment underscores Ecobank's commitment to maintaining strong relationships with its investors.

The successful completion of this tender offer represents more than just a financial transaction—it's a testament to Ecobank Nigeria's proactive approach to liability management and strategic balance sheet optimization. By reducing the outstanding principal amount to approximately $55 million, the bank has strengthened its financial position while demonstrating fiscal responsibility that will benefit customers, stakeholders, and the broader Nigerian economy.

This strategic move reflects growing momentum in Nigeria's banking sector, where financial institutions are increasingly taking innovative approaches to managing their obligations and strengthening their foundations for future growth. Ecobank Nigeria's ability to execute this substantial early repayment speaks volumes about its operational efficiency and strong cash flow management.

The transaction was expertly guided by Renaissance Capital Africa, which served as financial adviser and dealer manager, while Sodali & Co Limited acted as tender agent. This collaborative approach ensured smooth execution and optimal outcomes for all parties involved.

As Nigeria's financial landscape continues to evolve, Ecobank Nigeria's successful tender offer serves as an inspiring example of how strategic planning and prudent financial management can create win-win situations for both institutions and investors. The bank's forward-thinking approach positions it well for continued success and growth in the years ahead.

With this achievement, Ecobank Nigeria demonstrates that African financial institutions are capable of sophisticated financial management that meets international standards while serving their local markets effectively. This is the kind of positive momentum that builds confidence in Nigeria's banking sector and contributes to broader economic development.