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Africa's Ecobank plans dollar bond after investor meetings

Reuters - UK Focus

LAGOS, July 2 (Reuters) - Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank said on Monday.

Ecobank, which has operation in 36 African countries, has hired Deutsche Bank (IOB: 0H7D.IL - news) , Standard Bank and Standard Chartered (BSE: 580001.BO - news) to arrange meetings from June 18, it said.

Proceeds from the offering will be used for debt refinancing among other things, Ecobank said. (Reporting by Chijioke Ohuocha Editing by David Goodman)