Offer sizing & spread economics
Size a primary offering — ESX equity IPO or public corporate bond — and see the gross spread, syndicate split and net proceeds under ECMA's prospectus regime.
Offer parameters
Total offer
ETB 690.0m
Gross spread
3.5%
Syndicate fees
ETB 24.1m
Net proceeds
ETB 665.9m
Spread waterfall
Standard 20 / 20 / 60 syndicate economics
Management fee (20%)ETB 4.8m
Underwriting fee (20%)ETB 4.8m
Selling concession (60%)ETB 14.5m
Over-allotment adds ETB 90.0m of stabilisation capacity exercisable within 30 days of listing.
Risk allocation
Firm commitment: syndicate takes full placement risk on its balance sheet; ECMA dealer-tier capital applies.
Prospectus
ECMA review & approval before any public offer
Distribution
Bank branch networks + digital subscription channels
Settlement
CSD registration, T+2 delivery-versus-payment