By Ada Anioji
FBN Capital Limited, the investment banking and asset management subsidiary of FBN Holdings Plc. is being celebrated for consistent and outstanding performance by three reputable financial awards institutions.
The firm emerged winner of the “Best Refinancing in Africa’ at the EMEAFinance Achievement Awards. It also bagged the prestigious “Deal of the Year, Africa” at The Banker Awards and the “Most Innovative Bank in Africa’ by Global Finance Awards on account of its role in the Accugas IV, Seven Energy’s senior secured term loan and revolving working capital facility.
Speaking on the winning transaction, Patrick Mgbenwelu, Director and Head of Debt Solutions for FBN Capital, said: “These awards reaffirm our ability to remain at the forefront of structuring and closing innovative financing solutions within the African Investment Banking industry. We are pleased to have upheld the trust our clients placed in FBN Capital to assist in heading, structuring and arranging the Accugas IV financing, and our team remains committed to launching similar robustly structured financings in the local market.”
FBN Capital was also awarded “Best Investment Bank in Nigeria’ by Global Finance Magazine for the fifth consecutive year.
Commenting on the award, Lolade Sasore, Head of Marketing and Corporate Communications for FBN Capital stated, “We are honored to receive the recognition as an acknowledgement of the high standards we deliver for our clients whom we truly see as partners. As a member of the FBN Holdings Group, FBN Capital is committed to raising the bar much higher and offering our clients the most innovative solutions, demonstrating unrivaled market expertise and reliable business values.
“Providing sound professional advice and execution capabilities in supporting the financing, investing, trading, securing and advisory needs of our clients is our singular focus, and our partners remain confident that they can rely on us to look beyond today and create opportunities for their tomorrow.” she added.
EMEA Finance is a leading bi-monthly global industry publication that reports on the major financial events and happenings initiated and influenced by the international financial industry in Europe, the Middle East and Africa. The award celebrates the Best Refinancing in Africa taking into consideration its market strength, profitability, growth and earnings, as well as the potential and quality of management of the financial institutions.
The Banker, a part of the Financial Times Group, has been providing global financial intelligence since 1926 and for the annual Awards, one winning bank is selected for each of the 120 countries judged; while the Global Finance awards uses a series of criteria including market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwriting and market reputation to score and select winners.