The London Stock Exchange (LSE) on Thursday hosted Ecobank Transnational Incorporated (ETI), the Lom\u00e9-based parent company of the Ecobank Group to a market opening ceremony to celebrate the successful listing of the lender\u2019s $500 million Eurobond on its main market. The bond was oversubscribed with strong demand from international investors in the United Kingdom, United States, Europe, Middle East, Asia and Africa. It follows on from Ecobank\u2019s 2017 convertible bond issuance on the International Securities Market. The five-year senior unsecured notes, which mature in April 2024, were launched with a coupon interest rate of 9.50 percent per annum payable semi-annually in arrears. \u201cThe successful issuance of our inaugural Eurobond on the main London market demonstrates international investors\u2019 approval and confidence in Ecobank\u2019s long-term strategy and prospects as a strong and sustainable pan-African financial services institution. \u201cIt also demonstrates the ability of African corporates to access international capital markets,\u201d Mr Ade Ayeyemi, Group CEO of Ecobank said. Also commenting, Mr Ayo Adepoju, Acting Group CFO of Ecobank, stated that, \u201cEcobank places great emphasis on constantly reviewing our capital allocation strategies to ensure that we have the right strategic positioning, competitive advantages, products and resources to increase efficiency and profitability. \u201cOur access to international capital markets are part of the mix and enable us to boost our liquidity profile, refinance maturing facilities and strengthen our foundations to ensure long-term sustainable growth and profitability for all our stakeholders.\u201d Ecobank will use the net proceeds of the placement for general corporate purposes including the refinancing of maturing debt facilities.