FBN Capital Shines At EMEA Finance, Africa Investor Awards 2014

Leading Nigerian Investment Bank and Asset Management firm, FBN Capital Limited, has once again been acknowledged by EMEA Finance Magazine for its remarkable efforts in the successful financing of projects in the Oil & Gas and Telecommunications industries. At an award ceremony which took place at The Law Society’s Common Room London, England, FBN Capital Limited received awards for Best Project Finance Deal in Africa, Best Restructuring in Africa and Best Telecoms Deal in Africa for their projects with EMTS (Etisalat), while also winning the award for Best Energy Infrastructure Deal in Africa for the financing of East Horizon Gas Company’s pipeline construction.

Mr. Mgbenwelu also received the award of Dealmaker of the Year, making him the first person to win the inaugural award.

Speaking at the awards ceremony, Director and Head, Debt Solutions, FBN Capital, Mr. Patrick Mgbenwelu said, “We are very pleased to have received this award. It serves as further testament to our commitment not only to creating value for our clients, but also setting the industry standards with regards to and structured financings in Nigeria.”

FBN Capital was the Joint Financial Adviser, along with Citibank, to Etisalat’s US$1.2bn Loan Facility to fund the company’s network rollout. The deal is noteworthy in that it also received the Africa Investor Infrastructure Investment award in May this year evidence of its outstanding nature among industry watchers.

East Horizon Gas Company Limited (EHGCL) secureda debt financing of N10 billion through FBN Capital with the intention of constructing and operating an 18-inch, 128 km gas pipeline that connects with the Obigbo-Alscon pipeline at Ukanafun to supply gas to an industrial offtaker located in Mfamosing, Cross River State, and to meet the needs of other industrial users in the Calabar region.

The Managing Director of FBN Capital, Mr. Kayode Akinkugbe expressed satisfaction on the awards stating, “At FBN Capital we are dedicated to raising the bar when it comes to excellence in delivery, and these awards are a clear demonstration of our unrivalled capability and the dependable pedigree in our business. We believe in attracting and nurturing the best talent that the industry has to offer and these awards reflect not only the results but the people behind our successes, which says a lot about our standards and our capacity to consistently deliver”. He further stated that the company would continue to strive to achieve higher standards of performance in all facets of the business.

These awards come in addition to other awards won in 2013, including Best Local Investment Bank in Nigeria from EMEA Finance Magazine, and Best Investment Bank in Nigeria at the World Finance Banking Awards. In February this year, the company also received two Euromoney Project Finance Deal of the Year Awards, and was also recognised as the Best Investment Bank in Nigeria for the third year running by Global Finance Magazine.

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