Africa Finance Corporation Acts as Financial Adviser on Ecobank Transnational Incorporated's US$450 Million Tier 2 Nature Bond

Lagos, Nigeria – 20 May 2026 – Africa Finance Corporation (AFC), Africa's leading infrastructure solutions provider, has acted as Financial Adviser on a landmark US$450 million Tier 2 Nature Bond issued by Ecobank Transnational Incorporated (ETI). This transaction marks three historic firsts for African and global capital markets: Africa's first commercial bank Tier 2 Nature Bond, the first ICMA-aligned Nature Bond issued by any African commercial bank, and the first ICMA-aligned Nature Bond issued by any commercial bank globally.

The issuance drew exceptional investor demand, with the final orderbook exceeding US$1.3 billion and enabling an upsizing from an initial target of US$350 million to a final issuance size of US$450 million. Pricing tightened by 50 basis points to a final yield of 9.125%, reflecting strong conviction from investors across the UK, Europe, Africa, Asia, the Middle East and the United States.

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