Investments

FCMB Capital Markets Limited (“FCMB-CM”) is an arm of FCMB Capital Markets subgroup, a well focused, world-class investment banking group, whose overriding goal is to consistently deliver superior service and flawless execution in all transactions to customers. The subgroup, which is also an arm of First City Group Limited, consists of the well reputed market leader in capital market services – FCMB Capital Markets Limited, the highly successful CSL Stockbrokers Limited, City Securities Limited (Registrars) and First City Asset Management Limited, all of them fully integrated under one management

The corporate finance advisory and issuing house arm of the Group, in which it has built unparalleled success, are now conducted under the aegis of FCMB Capital Markets Limited (“FCMB-CM”). FCMB-CM developed from the successful primary issues business of City Securities Limited, which was formed in September 1977 and the Corporate Finance department of the Bank. FCMB-CM has gained a particularly strong position in Public and Private Placements of Debt and Equity, Financial Restructuring, Privatisation Advisory Services, Mergers and Acquisitions, Structured Finance and Debt Conversion Transactions and by virtue of its experience in capital raising and financial advisory deals over the last two decades, measured both by transaction volume and value, it has remained a pre-eminent investment banking firm in Nigeria with a proven history of serving the financial needs of government, institutional, corporate and private clients.

As a mark of testimony to its excellent performance, FCMB Capital Markets in the course of year 2000 won the two most prestigious capital market awards instituted by UK based Reuters International and SBA Research Limited. The company emerged the best Issuing House in Nigeria for the year under review in the Platinum division and also won the coveted trophy for the most consistent Issuing House in Nigeria between the period 1993 and 1998. FCMB Capital Markets in 2001 and 2002 has also won, in a consecutive fashion, the Reuters/SBA’s Mergers & Acquisition Award as leader in Mergers and Acquisition Advisory.

It is interesting to note that in its 21 years of operations, FCMB Capital Markets subgroup has handled transactions (some of which are landmarks), well over N250 billion in the Nigerian Capital Markets. Some major transactions currently handled by FCMB Capital Markets include: N15 billion Lagos State Floating Rate Redeemable Bond; Guaranty Trust Bank Plc Offer for Subscription of N1 billion Ordinary Shares of 50 kobo each at N10.60 kobo per share; UAC of Nigeria Plc 227,158,614 Ordinary Shares of 50 kobo each at N12.50 per share; and OANDO Plc N5 billion combined Offer for Subscription and Offer by Way of Rights.