Monday, December 16, 2019 / 6:47 PM / By hkstrategies / Header Image Credit: Agusto & Co
Agusto & Co,
Nigeria's foremost Credit Rating Agency, has announced the retirement of its
Chief Executive Officer - Vivien Shobo, effective 31 December 2019. Following
over two decades with the organization, Vivien leaves with an outstanding
record of achievements further strengthening Agusto & Co's formidable
market position. She also led Agusto & Co's African expansion initiatives
by obtaining Credit Rating Agency licenses from the Capital Market Authorities
of Kenya and Rwanda.
Under her leadership,
Agusto & Co has successfully rated most of Nigeria's leading banks and
pioneered domestic credit ratings for notable corporates such as Dangote Cement
Plc, MTN Nigeria Communications Plc, Lafarge Africa Plc, Nigerian Breweries
Plc, Guinness Nigeria Plc, Julius Berger amongst others.
Vivien's management at Agusto
& Co also played major roles in facilitating landmark multibillion transactions
Municipal Bond programme and single largest tranche issuance - Lagos State
Government's N500 billion Bond programme and N87.5 billion Bond issuance.
- First bond issued by a deposit money bank in Nigeria in 2006 "the
Access Bank N13.5 billion-naira redeemable bond".
- First bond issued by an
insurance company in 2008 "Crusader Nigeria Plc N4 billion Unsecured Convertible Debenture.
- First 15-year corporate green bond fully guaranteed by infrastructure
Credit Guarantee Company Limited (Infracredit) - NSP-SPV PowerCorp Plc's N8.5 Billion 15-year 15.60% Series 1 Guaranteed Fixed Rate Senior Green
Infrastructure Bond Due 2034.
- First commercial
paper issuance under the new guidelines of FMDQ - UPDC's N24 billion commercial paper programme.
hospitality corporate bond issuance in the Nigerian debt capital market - Transcorp Hotels Plc's N19.7 billion Series I &
II bonds Due 2020.
- First FinTech
corporate bond (callable) issuance in the Nigerian debt capital market-
Interswitch Africa One Plc's N23 Billion 7-Year 15% Fixed
Rate Series 1 Senior Unsecured Callable Bonds Due 2026.
- First logistics
corporate bond issuance in the Nigerian debt capital market - TAK Agro Plc's N15 Billion 16.49% Seven-Year Fixed Rate Senior Bond Due 2026.
- World Bank
credit rating assessment for City of Kigali and the 30 districts in Rwanda in
Following her retirement, Yinka Adelekan, Executive Director, has been
appointed as Agusto & Co's Chief Executive Officer designate. Yinka is an
astute finance executive with over twenty years' experience in the financial
services industry, and her expertise spans credit ratings, corporate banking,
risk management, product development, financial analysis, and information
Agusto & Co is a pioneer in the Nigerian Credit Ratings Industry and
commenced business in January 1999. In 2001, Agusto & Co became the first
credit rating agency to be licensed by the Securities & Exchange
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