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Stanbic IBTC Capital Leads Successful Registration Of RMB Nigeria Issuance SPV PLC’s N40 Billion Multi-Instrument Issuance Programme

Posted on November 6, 2024 by

RMB Nigeria Issuance SPV PLC (the “Issuer”), a funding vehicle incorporated to support RMB Nigeria (the “Bank”) in raising financing from the public debt capital markets, achieved a significant milestone with the successful registration of its ₦40 billion Multi-Instrument Issuance Programme (the “Programme”). Stanbic IBTC Capital Limited (“Stanbic IBTC Capital”) acted as Lead Issuing House while RMB Nigeria acted as Joint Issuing House on the Programme.

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L-R: Oyinda Akinyemi, Executive Director, Stanbic IBTC Capital; Bayo Ajayi, Chief Executive Officer, Rand Merchant Bank and Yetunde Ogunremi, Executive Director, Treasurer, Rand Merchant Bank during the signing ceremony of Rand Merchant Bank’s ₦40 Billion Multi-Instrument Issuance Programme, with Stanbic IBTC Capital acting as Lead Issuing House

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.

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L-R: Chidi Iwuchukwu, Executive Director, Investment Banking Division, Rand Merchant Bank; Oyinda Akinyemi, Executive Director, Stanbic IBTC Capital; Bayo Ajayi, Chief Executive Officer, Rand Merchant Bank; Yetunde Ogunremi, Executive Director, Treasurer, Rand Merchant Bank; Abiola Baruwa, Company Secretary, Rand Merchant Bank and Taiwo Gabriel, Executive Director, Risk and Compliance, Rand Merchant Bank during the signing ceremony of Rand Merchant Bank’s ₦40 Billion Multi-Instrument Issuance Programme, with Stanbic IBTC Capital acting as Lead Issuing House

Speaking on the Programme registration, Bayo Ajayi, Chief Executive Officer, RMB Nigeria commented:

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“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 the Nigeria 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.”

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L-R: Akinola Akinboboye, Partner Financial Advisory, Deloitte West Africa; Oyinda Akinyemi, Executive Director, Stanbic IBTC Capital; Bayo Ajayi, Chief Executive Officer, Rand Merchant Bank; Yetunde Ogunremi, Executive Director, Treasurer, Rand Merchant Bank; Taiwo Gabriel, Executive Director, Risk and Compliance, Rand Merchant Bank and Abiola Baruwa, Company Secretary, Rand Merchant Bank during the signing ceremony of Rand Merchant Bank’s ₦40 Billion Multi-Instrument Issuance Programme, with Stanbic IBTC Capital acting as Lead Issuing House

Also speaking on the Programme registration, Oyinda Akinyemi, Executive Director, Stanbic IBTC Capital, said:

“This 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.”