Ecobank Nigeria Limited has reached a significant milestone that highlights its strong financial position and forward-thinking approach to debt management. The banking institution has successfully completed the early repayment of bondholders who participated in its tender offer, demonstrating remarkable fiscal health ahead of the bond's February 2026 maturity date.

In what financial experts are calling a testament to prudent management, Ecobank Nigeria prepaid approximately $245 million of its $300 million Eurobond, representing more than 80 percent of the total issuance. This achievement reflects the bank's solid liquidity position and its commitment to maintaining healthy relationships with its investors.

The journey to this success began on November 27, 2025, when Ecobank Nigeria launched a thoughtfully structured tender offer to eligible noteholders. The bank provided bondholders with an attractive opportunity to redeem their holdings of the 7.125 percent Senior Note ahead of the original maturity date. This win-win arrangement allowed investors to receive their principal along with accrued interest, while enabling the bank to optimize its balance sheet strategically.

The response from bondholders was overwhelmingly positive. Participants who tendered their notes during the early deadline of December 11, 2025, or the late deadline of December 29, 2025, received full cash consideration of $1,000 per $1,000 in principal amount. Additionally, they earned accrued interest from the last payment date through the final settlement date of December 31, 2025.

Following the successful completion of this initiative, the outstanding principal amount has been reduced to approximately $55.092 million, a remarkable reduction that speaks volumes about investor confidence and the bank's financial capacity.

"This initiative reflects Ecobank Nigeria's proactive approach to liability management and prudent balance sheet optimization," the bank stated, underscoring its commitment to maintaining financial excellence and operational efficiency.

The tender offer was executed with professional precision, with Renaissance Capital Africa serving as financial adviser and dealer manager, while Sodali & Co Limited acted as tender agent. This collaborative approach ensured a smooth process for all stakeholders involved.

The original notes were issued by EBN Finance Company B.V. specifically for financing the purchase of the $300 million Senior Note, demonstrating careful financial structuring from the outset.

This achievement positions Ecobank Nigeria as a beacon of financial strength in the banking sector, showcasing how strategic planning and strong financial performance can create value for all stakeholders. The early repayment not only reduces the bank's debt obligations but also demonstrates its commitment to maintaining a healthy and optimized balance sheet.

For investors, customers, and the broader financial community, this move sends an encouraging signal about Ecobank Nigeria's stability and forward momentum. It exemplifies how African financial institutions can successfully manage complex financial instruments while maintaining strong fiscal discipline.

As Ecobank Nigeria continues its journey of growth and excellence, this milestone stands as a proud moment that reflects the dedication of its management team and the trust of its stakeholders in building a stronger, more resilient financial future.