Coronation Merchant Bank has been recognized as Nigeria's Best Investment Bank for Debt Capital Markets (DCM) at the prestigious Euromoney Awards for Excellence 2026. The award underscores the bank's dominant role in structuring and executing debt capital market transactions in Nigeria.
Recognition for Excellence in Debt Capital Markets
The Euromoney Awards, widely regarded as the benchmark for excellence in the global financial industry, honor institutions that demonstrate exceptional performance, innovation, and leadership. Coronation Merchant Bank received the accolade for its outstanding contributions to the Nigerian DCM space, including advisory and origination services for corporate and sovereign issuances.
According to the bank's management, the award reflects its commitment to providing innovative financing solutions and deep market expertise. In a statement, the bank said, "This recognition is a testament to our team's dedication to excellence and our ability to deliver value to clients in complex market conditions."
Strategic Focus on DCM Growth
Coronation Merchant Bank has been a key player in Nigeria's debt market, facilitating several landmark transactions. In 2025, the bank advised on over N500 billion in bond issuances, including green bonds and infrastructure bonds, supporting both public and private sector funding needs. The bank's DCM team has grown significantly, with a 30% increase in deal volume year-on-year.
The award comes amid a challenging economic environment, with rising interest rates and currency volatility. Despite these headwinds, Coronation Merchant Bank has maintained a strong market share, leveraging its expertise in structuring bespoke debt instruments.
Impact on Nigeria's Financial Landscape
The recognition places Coronation Merchant Bank among the top-tier investment banks in Africa. Industry analysts note that the award could boost investor confidence in Nigeria's capital markets, attracting more foreign portfolio investment. The bank's CEO stated, "We are proud to be recognized by Euromoney. This award motivates us to continue supporting Nigeria's economic development through innovative capital market solutions."
Coronation Merchant Bank has also been active in sustainability-linked bonds, aligning with global ESG trends. The bank's recent issuance of a N50 billion green bond was oversubscribed, reflecting strong demand for sustainable investment options.
Euromoney Awards History
Euromoney's Awards for Excellence have been running for over 30 years, with winners selected based on quantitative and qualitative criteria, including market share, deal flow, and client feedback. Coronation Merchant Bank has previously won awards in other categories, but this is its first win specifically for DCM. The award was presented at a ceremony in London, attended by global banking leaders.
The bank's success in DCM is attributed to its robust research capabilities and strong relationships with institutional investors. The bank's DCM team, led by experienced professionals, has executed over 100 transactions since 2020, raising more than N2 trillion for clients.
