Stanbic IBTC Capital Becomes Issuing House For N40bn Multi-Instrument Issuance Programme

RMB Nigeria Issuance SPV Plc, a funding vehicle incorporated to support RMB Nigeria in raising financing from the public debt capital markets, achieved a 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.

Speaking on the Programme registration, chief executive officer, RMB Nigeria, 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.”

He stated that, “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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The executive director, Stanbic IBTC Capital, Oyinda Akinyemi 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.”