By Aduragbemi Omiyale
One of the leading players in the Nigerian capital market, Stanbic IBTC Capital Limited, has successfully registered the N40 billion multi-instrument issuance programme of RMB Nigeria.
The lender is raising the money from the public debt capital markets through its funding vehicle incorporated to support its asset growth and liability management objectives.
Business Post reports that Stanbic IBTC Capital is also the lead issuing house to the exercise, while RMB Nigeria is a joint issuing house.
“This initiative by RMB Nigeria is yet another noteworthy example set by the bank about global best practices in treasury management and innovation, to cope with evolving market conditions.
“Stanbic IBTC Capital has been at the forefront of advising our clients on staying ahead of changing market trends, and we are pleased on this occasion to have been of assistance in shaping RMB’s funding strategy.
“We thank RMB Nigeria for trusting Stanbic IBTC Capital and the other professional parties in seeing the programme registration to a successful completion,” an Executive Director of Stanbic IBTC Capital, Oyinda Akinyemi, stated.
Also, the chief executive of RMB Nigeria, Mr Bayo Ajayi, said, “This programme provides us the opportunity to access liquidity from the Nigerian debt capital markets to support our strategic and financing objectives.”
“We remain committed to effectively partnering with our clients, and with this enhanced capacity to raise long-term funding, we are in a stronger position to support our clients with their long-term loan needs.
“We believe in Nigeria’s growth story and the establishment of this Programme presents a unique opportunity for investors to join us on this journey by participating in the issuances.
“We are also thankful for the support of Stanbic IBTC Capital and all our advisers who partnered us through this process,” he added.
