Nigeria’s leading investment bank, Chapel Hill Denham, acted as the Domestic Lead Manager and Joint Bookrunner to the Federal Government of Nigeria’s $5.25 billion Eurobond issuance — a $4 billion triple tranche in 2021 and a $1.25 billion tap in 2022.
It’s the first time that the Nigerian Sovereign will appoint a domestic firm as a Joint Lead Manager and Bookrunner, generating unprecedented domestic demand.
The Debt Management Office (DMO) on Thursday, 28 July 2022, listed the triple tranche of bonds at the FMDQ Securities Exchange and the Nigerian Exchange Limited, including a ₦250 billion Sukuk.
Speaking at the ceremony, Bolaji Balogun, Chapel Hill Denham CEO said: “I’d like to thank the DMO, for trusting and appointing for the very first time, a Nigerian lead manager on a Eurobond transaction. What we did, together with the financial advisors, to deliver millions of dollars in domestic demand signifies why the decision you made was important and I hope it won’t be the last time.”
The events took place at the FMDQ headquarters and NGX trading ground in Lagos, featuring the management of DMO led by Director General Patience Oniha and other facilitators of the transactions.
About Chapel Hill Denham
Chapel Hill Denham has a simple and powerful model focused on investment banking and investment management. We are Nigeria and Africa’s leading independent investment bank and Nigeria’s leading alternative asset manager, as well as an impact investment firm. Our business is focused on areas accretive to Africa’s and Nigeria’s economic development with funds targeted to Renewable Infrastructure, Real Estate, Digital, and Financial Inclusion, Gender and SMEs, Healthcare, and Education.