Ecobank, Nigerian unit of pan-African lender said on Monday it has secured $150 million in a debt facility from a group of international banks to grow its loan book.
The loan, which attracted participation from Standard Chartered Bank, Commerzbank, Mashreq and First Gulf Bank PJSC, was a one-year facility, the African bank said in a statement.
"The facility marks Ecobank's debut in the international loan market and lays the groundwork for future fundraising on a broader basis," the bank said.
Ecobank Nigeria secures $150m Loan from Foreign Banks
Comms Week17 Nov 20140 Comments
Ecobank, Nigerian unit of pan-African lender said on Monday it has secured $150 million in a debt facility from a group of international banks to grow its loan book. The loan, which attracted…
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