Renaissance Capital has been named 'Investment Bank of the Year for Emerging Markets in Europe' and 'Independent Investment Bank of the Year for Sustainability' in The Banker magazine's annual 'Investment Banking Awards 2020'. Previously, the Banker named Renaissance Capital the Most Innovative Bank for Emerging Markets in 2018 and the Most Innovative Bank from Central and Eastern Europe in 2019. In 2019, Renaissance Capital was named the Best Investment Bank in Russia in 2018 in the Euromoney Awards for Excellence 2019. Product offering Renaissance Capital offers a variety of investment banking services in debt and equity capital markets and M&A, sales and trading in equity, fixed income, FX and derivatives, hedging, REPO and financing, as well as prime brokerage and research. The firm has established an algorithmic trading unit as part of its existing derivatives business to meet growing client demand, and capitalise on market opportunities. Renaissance Capital has acted as organiser on a number of capital markets transactions in Russia, including: Beeline $127.4 mn IPO on NYSE in November 1996 – the first IPO out of Russia; ALROSA $1.3bn IPO in October 2013 – the largest IPO ever on Moscow Exchange; RUSAL $2.24 bn IPO in January 2010 – Hong Kong’s first ever offering by a Russian company; as well as major retail IPOs – Rosneft $10.7 bn IPO in July 2006 and VTB c.$8 bn IPO in May 2007. In the frontier and emerging space, Renaissance Capital has organised a number of transactions including the following: A GEL500 million three-year senior bond issue for Bank of Georgia, the first-ever local currency international bond issue out of Georgia. A RUB15bn issue for Kazakhstan Temir Zholy (KTZ), the state railway company of the Republic of Kazakhstan, the first corporate issue for a foreign borrower in the Russian domestic rouble market. A $350 million eurobond sale for Eurotorg, the first corporate international bond issuance by a Belarusian company. Nigeria's NGN10 billion debut corporate infrastructure bond for Viathan Group, a private equity-backed company, providing power solutions to the government, household and businesses in Nigeria, using natural gas as fuel. A UGX167bn IPO of CiplaQCIL, a Uganda-based pharmaceutical producer of high-quality and affordable life-saving medicines, on the Ugandan Stock Exchange. The Bank of Kigali Group rights issue and private placement, which raised c. KES7bn, making it the largest-ever capital raise in Rwanda and the largest capital markets transaction in East Africa in 2018.