LAGOS (Reuters) – The Nigerian unit of pan-African lender Ecobank 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.