Absa Capital Excels at BESA Spire Awards

Hot on the heels of their success at the recent Risk South Africa Rankings, Absa Capital announced that it had further consolidated its industry leading position by delivering an impressive performance at the annual Bond Exchange of South Africa (BESA) Spire Awards.

Absa Capital featured widely across the 20 nominated categories, but reigned supreme in three key categories: Best Primary Markets House; Best Bond Sales Team; and Best Credit Analyst.

Furthermore the CPI-linked bond that was done for Absa won the Media Innovator of the Year award. This was the first time that a South African bank issued an inflation-linked subordinated bond into the domestic capital market.

The Best Primary Markets House recognises the debt capital market team that distinguishes itself as a leader and innovator in the field. The team is judged to have a high a degree of professionalism and an outstanding ability to satisfy an issuer’s needs.

The Best Bond Sales Team is awarded to the team that consistently adds value to its clients through providing excellent service.

The Best Credit Analyst, Kate Rushton, is the individual judged to have provided the best research for non-government and fixed-income issues. Earlier this year, Rushton also walked away with the top honours at the annual FM Ranking the Analysts awards.

Absa Capital also performed strongly in the following categories: Best Bond Pricing Team; Best Bond Trading House; Best Interest Rate Derivate Trading Team; Best Sales and Structuring; Best Derivative Trading House; Best Research House; Best Inflation Linked Debt House; and Best Fixed Income House.

Absa Capital, indirectly, also got recognition for the work it had done for the South African National Roads Agency (SANRAL). SANRAL was recognised as the Best Borrower, and Absa Capital had arranged the organisation’s entire debt issue.

The BESA Spire Awards is an annual event and recognises those individuals and teams who have used talent, intelligence and commitment to contribute to the bond market in South Africa.