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NOVA Merchant Bank said it emerged winner of the ‘Bond Offering of the Year,’ award at the BusinessDay Bank and other Financial Institutions (BAFI) Awards held recently. The merchant bank clinched the prize for its successful N10 billion seven -year subordinated unsecured bond which was oversubscribed by 300 percent. The bank was crowned with the award in recognition of the unprecedented and audacious nature of its bond issuance which was launched during the COVID-19 pandemic and within three years of the Bank commencing operations, according to a statement. Despite the significant level of uncertainty occasioned by the pandemic and the resultant lockdown, the bond offer was highly demanded with a diversified order book made up of discerning investors, which included asset managers, insurance companies, domestic pension funds, non-financial institution corporates, high net-worth individuals, as well as, international fund managers.

Phillips oduozaMerchant bankBusinessday bankNova merchant bankBond offeringFinancial institutionsChief executive officerNath udeவணிகர் வங்கிநோவா வணிகர் வங்கிபத்திரம் பிரசாதம்நிதி நிறுவனங்கள்தலைமை நிர்வாகி அதிகாரிநாத் ஊடே