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Financials

BRIEF-Ecobank transnational announces placement of $400 mln convertible debt

Oct 27 (Reuters) - ECOBANK TRANSNATIONAL INC:

* ANNOUNCED PLACEMENT OF $400 MILLION CONVERTIBLE DEBT

* CONVERTIBLE DEBT WAS STRUCTURED IN THREE TRANCHES OF $250 MILLION, $140 MILLION AND $10 MILLION

* WILL USE NET PROCEEDS OF THE PLACEMENT TO PRIMARILY REFINANCE MATURING DEBT FACILITIES Source: bit.ly/2i9qDlj Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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