RMB leads advisory on BOI’s record N274.18bn bond - Businessday NG

L-R: Head, Debts Capital Markets, RMB Nigeria, Laju Atake; General Manager/Divisional Head, Corporate Finance and Advisory Services, Bank of Industry, Ayo Bajomo; Executive Director and Treasurer, RMB Nigeria, Yetunde Ogunremi; Executive Director, Corporate Finance, Sustainability & Investments, Bank of Industry, Rotimi Akinde; Executive Director RMB Nigeria and Head Investment Banking, Broader Africa, Chidi Iwuchukwu; and Group Head, Debt Capital Markets, Bank of Industry, Faruk Hamidu at the signing ceremony of Bank of Industry's Landmark N274.18 Billon Inaugural Domestic Bond Issuance

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Rand Merchant Bank (RMB) Nigeria has acted as Joint Issuing House on the Bank of Industry’s (BOI) N274.18 billion inaugural domestic bond, the largest debt capital markets issuance by a Nigerian development finance institution, after strong investor demand pushed the five-year transaction beyond its initial N250 billion target.

According to RMB the transaction was completed with the support of the Securities and Exchange Commission, the Central Bank of Nigeria, professional advisers, investors and other transaction participants.