WED NOV 06 2024-theGBJournal| RMB Nigeria Issuance SPV PLC, a funding vehicle incorporated to support RMB Nigeria in raising financing from the public debt capital markets, achieved a significant milestone with the successful registration of its N40 billion Multi-Instrument Issuance Programme.
Stanbic IBTC Capital Limited acted as Lead Issuing House while RMB Nigeria acted as Joint Issuing House on the Programme.
The establishment of the Programme will support the asset growth and liability management objectives of RMB Nigeria by enabling the issuance of debt instruments and structured notes.
“This Programme provides us the opportunity to access liquidity from the Nigerian debt capital markets to support our strategic and financing objectives,” says Bayo Ajayi, Chief Executive Officer, RMB Nigeria.
”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,” he added.
Ajayi noted that the establishment of this Programme presents a unique opportunity for investors to join on this journey by participating in the issuances.
Also speaking on the Programme registration, Oyinda Akinyemi, Executive Director, Stanbic IBTC Capital, said the initiative by RMB Nigeria is yet another noteworthy example set by the Bank in relation to global best practice 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.”
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