The Nigerian Exchange Limited has named FCMB Capital Markets Limited, an affiliate of FCMB Group Plc’s Investment Banking division, the ‘Issuing House with the Highest Number of Listed Debt Issuances’, popularly known as Corporate Bonds.
The PUNCH reported that the prize was presented to the company during the annual NGX Made of Africa Awards, which were hosted in Lagos in December.
The Executive Director, Coverage & Investment Banking, FCMB Group, Femi Badeji, remarked on the award in a statement issued on Monday, stating, “This recognition validates Nigeria’s leading companies and public institutions’ deep trust in FCMB Capital Markets and its capabilities.
“Our unwavering commitment to excellence and the development of long-term relationships tailored to each client’s needs has enabled us to maintain our position as the preeminent investment banking firm. This honour is dedicated to our valued clients, and we guarantee to keep them at the center of everything we do.”
“This isn’t just for us at FCMB Capital Markets and the FCMB Group; it’s for our market and Nigeria’s future,” said the Managing Director of FCMB Capital Markets, Ikechukwu Omeruah.
“Each bond we arrange is more than just a financial instrument; it deepens our market and catalyzes growth, job creation, and national advancement. Our success is measured not in numbers, but in the tangible influence we have on our clients and on our country.”
Over the last five years, FCMB Capital Markets has raised about N3 trillion in debt and equity capital for prominent corporate organizations in a variety of sectors of the Nigerian economy.
The firm’s performance in 2023 was extraordinary, as it facilitated six out of nine publicly issued corporate bonds, contributing to more than 75% of the capital sourced through the corporate bond market and securing a similar market share.
The NGX Made of Africa Awards are intended to celebrate businesses and individuals within the Nigerian capital market ecosystem that demonstrate extraordinary performance in value creation and long-term impact, and who serve as major drivers in the development of the Nigerian and African capital markets.
Other winners include MTN Nigeria, which received the Most Compliant Listed Company award, VFD Group, which received the Listing of the Year award, CardinalStone Securities, which received the Equity Trader of the Year award, and the Lagos State Government, which received the Largest Sub-National Debt Instrument Issuance and the Capital Market Excellence Award, respectively.
Chapel Hill Denham received recognition in two categories: Cross-Border Trade Facilitator of the Year and Fund Manager with the Largest Listed Fund Size, while Cordros Capital and Kairos Capital both won the award for the Issuing House with the Highest Number of Primary Market Transactions (Equity Category).
