US EditionEcobank Nigeria Seeks Bondholder Consent as S&P Issues Negative Outlook
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Ecobank Nigeria Seeks Bondholder Consent as S&P Issues Negative Outlook
Ecobank Nigeria has initiated a bondholder consent solicitation following a downgrade by S&P Global Ratings, which lowered the bank’s long-term issuer credit rating from ‘CCC’ to ‘CCC-’. The downgrade reflects heightened concerns over the bank’s capital adequacy position and its recent $150 million bond buyback offer on a $300 million Senior Unsecured Eurobond. As part […] The post Ecobank Nigeria Seeks Bondholder Consent as S&P Issues Negative …
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