FGB named ‘Most Impressive Middle East Borrower’ at 2015 GlobalCapital Bond Market Awards

FGB, one of the leading banks in the UAE, has been named ‘Most Impressive Middle East Borrower’ at the 2015 GlobalCapital Bond Market Awards. FGB representatives received the award at a ceremony recently held at London’s Guildhall.

The ceremony was held as part of GlobalCapital’s ninth annual gala dinner, to celebrate the best borrowers, banks and bankers in the sovereign, supranational and agency, FIG, corporate and emerging markets sectors.

The awards were judged through an extensive market poll which asked banks to vote for the issuers and borrowers they consider to have performed the best throughout the past 12 months. They recognise the issuers that have overcome the challenges of volatile markets during a year which called for investors to hit ever smaller yield targets and meet an ever more demanding list of regulations, and the banks that have best supported their clients.

FGB scooped the award after being shortlisted for the Most Impressive Middle East Borrower category, alongside Emirates NBD and Emirates Telecommunications Corporation, earlier this month. The bank was also shortlisted for the ‘Most Impressive Emerging Market Financial Institution Borrower’ award.

FGB’s Head of Treasury & Global Markets Group, Christopher Wilmot, said: “The past 12 months has been a period of significant growth and success for FGB. Throughout 2014, we participated in several prominent transactions, diversifying our sources of funding from the Middle East, Europe, Australia and Asia, and expanding our global footprint. This award is testament to the strides we’ve made over the past year and we’re very pleased to receive this prestigious recognition.”

The GlobalCapital annual gala event, which is one of the bond industry’s most respected annual awards dinners, gives the world's issuers and capital markets bankers an opportunity to celebrate the achievements of the past year and look forwards to the challenges ahead. Hundreds of market professionals attend the event each year, to reflect on the best that the bond industry has to offer.