By Christine Van Dusen
Atlanta, Aug. 7 – Ecobank Nigeria Ltd. priced $200 million notes due in 2021 (/B+/) at a yield of 9% on Thursday, a market source said.
The notes were talked at a yield in the high-9% area.
Deutsche Bank and Standard Chartered Bank were the bookrunners for the deal.
No other details were immediately available on Thursday.
Issuer: | Ecobank Nigeria Ltd.
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Amount: | $200 million
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Maturity: | 2021
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Description: | Notes
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Bookrunners: | Deutsche Bank, Standard Chartered Bank
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Yield: | 9%
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Call features: | Non-callable for five years
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Trade date: | Aug. 7
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Rating: | Standard & Poor’s: B+
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Price talk: | High 9% area
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