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Guaranty Trust Bank’s 5-year Benchmark Eurobond offer, which was issued in 2011, has been adjudged the Best Financial Institution Bond for Nigeria by EMEA Finance, United Kingdom during that year. The US$500 million GTBank Eurobond is the largest offer by any Nigerian corporate to international investors.
Commenting at the Event Awards dinner, which took place recently at the Grand Connaught Rooms, London, Mr. Segun Agbaje, Managing Director, Guaranty Trust Bank said ‘our long term goal is to create a Proudly African and Truly International Bank that will be used as a yardstick to measure service delivery within the region. We will continue to seek for funds that would enable us carry on our global expansion programme, acquire the best IT infrastructure to enhance service delivery and compete favorably with other international banks in terms of ability to lend. Our 2011 Eurobond offer was totally oversubscribed and is placed with over 30 accounts in Europe, United States, Asia and Africa’.
Guaranty Trust Bank plc is a leading African financial institution that offers a myriad of financial services to corporate, retail and other discerning customers in Nigeria, Cote D’Ivoire, the Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom. The Bank has a corporate banking bias and strong service culture that have enabled it record consistent year on year growth in client base and key financial indices since inception in 1990.
In 2007, the Bank pioneered the sourcing of funds by Nigerian Banks from the international capital market. It issued a US$350 million regulation S Eurobond; the first by any Nigerian bank and went on to undertake a US$824 million Global Depositary Receipts (GDR) Offer that same year. The listing of the GDRs on the London Stock Exchange made Guaranty Trust Bank plc the first Nigerian Company and African Bank to be listed on the main market of the London Bourse.
In December 2009, the Bank completed the first tranche of a US$200 million Corporate Bond and went on to issue a benchmark US$500 million Eurobond to international investors in May 2011. The successes of these transactions are proof that the GTBank brand is recognized as a viable investment by the international community.
Guaranty Trust Bank PLC has been the recipient of several awards for service delivery, innovation and good corporate governance. It was recently named the 2011 Bank of the Year for Nigeria by The Banker, Financial Times London, the 2011 Best Bank in Nigeria by EMEA Finance Awards and the 2011 Best Bank in Nigeria by Euromoney Magazine for the third consecutive time.
-- GTBank Media.