Chapel Hill Denham leads Nigeria’s $5.25bn Eurobond issuance

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.  

Also Read: Chapel Hill Denham dominates AIHN’s 2022 Investment Banking Awards, wins 8 out of 10 categories

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.” 

Bolaji Balogun, CEO of Chapel Hill Denham at the listing ceremony on the FMDQ Securities Exchange on Thursday, 28 July 2022.
Bolaji Balogun, CEO of Chapel Hill Denham speaks at the listing ceremony on the FMDQ Securities Exchange on Thursday, 28 July 2022.

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. 

Also Read: Chapel Hill Denham named Nigeria’s Best Investment Bank at the 2022 Euromoney Awards for Excellence

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. 

Chapel Hill Denham named Nigeria’s Best Investment Bank at the 2022 Euromoney Awards for Excellence

Chapel Hill Denham was recognised as the “Best Investment Bank in Nigeria” at the Euromoney Awards for Excellence 2022; winning the award for the seventh time in 10 years. The Euromoney Awards remain the most coveted accolade for global banks and investment banks. 

This award comes just under a week after the AIHN Nigeria Investment Banking Awards, where the firm won 8 out of 10 awards in the most dominant performance ever by a Nigerian investment bank. 

Receiving the award, Bolaji Balogun, Chapel Hill Denham’s CEO said: “Humbled and thankful to win the Euromoney Awards for Excellence as Nigeria’s Best Investment Bank for the 7th time in 10 years. Proud of our team and privileged to work with the clients we do, and through the results, we deliver for them, we deliver sustainable impact for Nigeria and Africa’s future.”   

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 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. 

Chapel Hill Denham dominates AIHN’s 2022 Investment Banking Awards, wins 8 out of 10 categories

Chapel Hill Denham, the leading independent investment banking, securities trading, and investment management firm, won 8 out of the 10 award categories under consideration at the 2022 Investment Banking Awards ceremony organised by the Association of Issuing Houses of Nigeria (AIHN) held on Thursday, 7 July 2022 at the Civic Center, Victoria Island, Lagos. 

The annual AIHN Investment Banking Awards ceremony recognises the achievements of investment banks who, over the course of the year, demonstrated excellence and achieved notable wins amongst their peers in the Nigeria Capital Markets.  

Chapel Hill Denham won the Best Public Sector House, Best Corporate Bond House, Best Private Company Bond House, Best Commercial Paper House, Best Bond House, Best Equity House, Equity Deal of 2021, and Best Investment Bank 2021; recording the most dominant performance by any firm, in the history of the AIHN awards. 

Commenting on the win, Bolaji Balogun, CEO of Chapel Hill Denham said: “These awards recognise our achievements over the past year and re-affirms our consistency in delivering results. The Firm’s success is a result of the confidence and trust reposed in us by our esteemed clients and partners, the SEC, NGX, CSCS, FMDQ, and other key stakeholders, as well as the exemplary efforts of the Chapel Hill Denham team, who are dedicated to delivering excellent services to our clients. We are immensely grateful to AIHN for the recognition of our efforts to deepen the Nigeria Capital Markets.” 

Kemi Awodein, MD of Investment Banking at Chapel Hill Denham added that: “We are honoured to have won these prestigious awards, which we believe re-affirm our commitment to excellence and recognise our leading role in the investment banking industry. Our determination to deliver best-in-class services to our esteemed clients is unwavering, as we could not achieve this milestone without their continued support by trusting us with their mandates. Our clients remain our focus.” 

About Us 

Chapel Hill Denham is a leading independent investment banking, securities trading, and investment management firm. The firm is Nigeria’s most trusted advisor, focused on providing unbiased advisory, execution, and investment services to corporations, governments, institutions, and individuals involved in investing in and developing Nigeria and Africa. The Firm actively promotes areas accretive to Africa’s and Nigeria’s economic development, targeting sectors such as Infrastructure, Energy and Renewables, Real Estate, SMEs, Digital and Financial Inclusion, Healthcare, and Education, among others.  

Bolaji Balogun calls for gender equality in corporate leadership at the 2022 Women Director’s Luncheon

Chapel Hill Denham CEO, Bolaji Balogun, on Tuesday 24 May 2022, gave a keynote address at the annual Women Directors’ Luncheon themed “Virtually Unstoppable: Defining the New Inclusive Economy” organised by the Institute of Directors (IoD) Nigeria. 

The event, which was held at the Ecobank Pan Africa Centre in Victoria Island, Lagos, had in attendance high-profile figures in corporate Nigeria such as Karl Toriola, MTN Nigeria CEO; Kofo Akinkugbe, CEO of SecureID; Omobola Johnson, Chairman, Guinness Nigeria Plc; Olatomiwa Williams, Country Manager, Microsoft Nigeria & Ghana; Temie Giwa-Tubosun, CEO of LifeBank; Iyinoluwa Aboyeji, Founder & General Partner, Future Africa, as well as Bamidele Abiodun, the First Lady of Ogun State. 

Pushing for female directors just makes good business sense. If you live in an economy where 51% of the population are women, then running forward without women in governance positions is as simple as you running with one hand or one leg tied behind your back,” Balogun said.  

“The keyword is ‘intentionality’. Our firm has existed for 6,251 days or just over 17 years, and every single one of those days, women have accounted for more than 50% of our employees and 40% of leadership positions. We’re the only firm in the Nigerian financial services industry with three female managing directors, all of whom are here today.” 

According to the Gender Equality in Nigeria’s Private Sector report by the International Finance Corporation (IFC) and the Nigerian Exchange Limited (NGX), Nigeria’s private sector is closing the gap in gender equality. 

The average percentage of women at the executive level in the country is 20%, compared to 17% globally while the average percentage of women at the board level is 23%, close to the global average of 25%.

Also Read: Bolaji Balogun talks marketplace shift 

“The only way we can get women into significant governance positions is by creating room from the early stages of management in a firm,” Balogun added. “It also means that when we get into significant leadership positions, as women and men, we have the responsibility to keep the door open behind us and bring many women through that door.”