FCMB Capital Markets supports BOI’s ₦274.19bn Development Bond issuance

FCMB Capital Markets Limited acted arsenic a Joint Issuing House and Bookrunner connected the ₦274.19 cardinal Series 1 Development Bond issued by the Bank of Industry (BOI), 1 of the largest sub-sovereign enslaved issuances done the Nigerian superior market.

The five-year, 17.60% fixed-rate bond, owed successful 2031, was issued done BOI Financing SPV Plc nether the Bank’s US$1 cardinal Multi-Currency Instruments Programme.

Initially sized astatine ₦250 billion, the transaction was oversubscribed owed to beardown request from organization investors.

BOI exercised the greenish footwear enactment to accommodate the further demand, expanding the last issuance to ₦274.19 billion.

Left to right: Ikechukwu Omeruah, Managing Director, FCMB Capital Markets Limited, and Ayo Bajomo, Divisional Head, Corporate Finance & Advisory Services, Bank of Industry (BOI), astatine the signing ceremonial for BOI’s ₦274.19 cardinal Series 1 Development Bond.
<...