By InvestAdvocate

Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Thursday it has signed a one-year seniour unsecured loan facility of $50 million arranged by Deutsche Bank AG. “The facility will be used for general corporate purposes,” the lender said in an issuer’s announcement to the Nigerian Stock Exchange (NSE).

ETI successfully raised a $200 million loan facility from Deutsche Bank in December 2014. This new $50 million loan facility brings total funding arranged by Deutsche Bank to $250 million.

Altogether, in the last six (6) months, Ecobank has raised approximately $1 billion in combined equity and debt capital for its parent company and its businesses in Nigeria, the largest of the group’s affiliates.