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Absa and Barclays clinch top accolade

Jul 14 2013 16:50 Fin24

Absa CEO Maria Ramos. (Picture: Absa)

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Cape Town - Absa and Barclays have scooped the ‘Best Debt House in Africa’ prize at the 2013 Euromoney Awards.

The Euromoney Awards for Excellence is regarded as the benchmark awards for financial services globally.

It honoured Absa and Barclays for its involvement in the greatest number of the most interesting and important deals.

It included Zambia and Morocco’s debut international sovereign bonds in 2012, which raised $750m and $1.5bn respectively.

The Moroccan transaction was also recognised as one of Euromoney’s deals of the year for 2012.

The banks were also recognised for its strong position in the league tables.

“This is an excellent achievement for our debt capital markets team and we are delighted to win this recognition from a leading publication in the sector, as we focus on becoming the premier ‘Go-To’ wholesale bank in Africa,” said Stephen van Coller, chief executive of the corporate and investment banking division of Absa and Barclays Africa.

“We are proving that we have the required expertise and capacity to help clients across the continent raise debt in international capital markets", said  Van Coller.

The award was received at a gala dinner held in London.

Absa is a member of the Barclays group.

 - Fin24

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