Sunday, September 28, 2025
28.4 C
Lagos

Stanbic IBTC Partners Afreximbank on N300bn Domestic Bond

 

 

Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings PLC, has established a ₦300 billion Domestic Bond Programme for the African Export-Import Bank (Afreximbank). The signing ceremony which held in Lagos marked the official kick-off of the initiative.

Afreximbank, a multi-product partner of Stanbic IBTC and the Standard Bank Group, is one of Africa’s largest Developmental Finance Institutions and a seasoned issuer in the international capital markets.

The establishment of the debt issuance programme in the Nigerian capital market by Afreximbank makes it the third supranational ever to join an elite group of Nigeria’s development partners, enabling the domestic capital market. It is vital to establish the Bond Programme in local currency, considering the strong liquidity and current low yields in the domestic market.

This initiative by Afreximbank aligns with global best practice in treasury management and innovation to stay abreast of evolving market conditions. It will aid in stimulating the expansion and development of Nigeria, through the intervention in various sectors of the Nigerian economy.

The transaction was consummated in the presence of members of the Stanbic IBTC team, members of the Afreximbank Executive management team, representatives from the Nigerian Stock Exchange and FMDQ OTC Plc, amongst others.

Stanbic IBTC Capital Limited remains fully committed to developing the Nigerian capital markets and has been at the forefront of driving financial innovation and advising clients on staying ahead of changing times.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Fidelity Bank Deepens Push for Non-Oil Exports Through FNITCC Platform

Nigeria’s diversification drive has gathered momentum in recent years...

Red Star Express Restates Commitment to Compliance with Regulations

Red Star Express Plc, a licensee of Federal Express...

Linkage Assurance Strengthens Mgt as NAICOM Confirms Braie as CEO

Linkage Assurance Plc has strengthened its top management following...

Survey Xrays World of Young Entrepreneurs in Africa

The Entrepreneurship Survey is based on an emailed questionnaire...

Insurance Sector: N533bn Premium Income, N243bn Claims in Q3, 2022

Mr. O.S. Thomas Commissioner for Insurance/CEO National Insurance Commission (NAICOM) The Nigerian...

Emirates Expands Network in Africa to 20

Emirates restarted services to Entebbe, Uganda on 1 October. The...
spot_img

Related Articles

Popular Categories

spot_imgspot_img