Intengo Market is a dynamic digital marketplace where issuers, arrangers and investors meet to set up debt market transactions.
Building trust with our employees, clients and stakeholders forms the cornerstone of everything we do, while the following values inform every facet of our work:
We have open, honest conversations with stakeholders.
We promote equal opportunity to ensure every voice is heard.
We create an empowering environment for the benefit of our clients, employees, and the market as a whole.
Intengo Market is a dynamic digital marketplace where issuers, arrangers and investors meet to set up debt market transactions.
Building trust with our employees, clients and stakeholders forms the cornerstone of everything we do, while the following values inform every facet of our work:
We have open, honest conversations with stakeholders.
We promote equal opportunity to ensure every voice is heard.
We create an empowering environment for the benefit of our clients, employees, and the market as a whole.
Intengo Market – a revolutionary, independent digital marketplace for debt instruments in South Africa.
In 2020, the platform was first incubated by RMB. They saw the possibility of creating a digital platform that could provide a more liquid and transparent digital marketplace for the issuance and investment of listed and unlisted corporate debt instruments in South Africa. The intention was to increase liquidity and price discovery and improve the market for all participants. Investors would receive more diverse choice of liquid assets and issuers would receive reduced costs of funding, aiding in their growth. Essentially, this would grow the entire debt market. The tech team was called in and the rest is history!
All investment grade corporate issuers who want to raise funding in the debt capital markets can now access our online ecosystem. Institutional investors who wish to invest in these instruments can also use Intengo (a listed note programme on a registered exchange is helpful but optional). Numerous banks and financial institutions already use the platform for fundraising and investing.
We have many success stories to share. For instance, using the platform, RMB acted as the arranger for Aspen Pharmacare in 2021, raising R410 million in their first bond auction. Since then, we’ve facilitated many more successful issuances for other banks, state owned enterprises and corporates.
“Intengo is excited to be a standalone company in the debt marketplace,” says Ian Norden, CEO of Intengo Market.
“While we provide our corporate and institutional clients with a seamless digitised experience, we’re also working to help reduce friction costs and operational risks for the fixed income markets in general.”
All investment grade corporate issuers who want to raise funding in the debt capital markets can now access our online ecosystem. Institutional investors who wish to invest in these instruments can also use Intengo (a listed note programme on a registered exchange is helpful but optional). Numerous banks and financial institutions already use the platform for fundraising and investing.
We have many success stories to share. For instance, using the platform, RMB acted as the arranger for Aspen Pharmacare in 2021, raising R410 million in their first bond auction. Since then, we’ve facilitated many more successful issuances for other banks, state owned enterprises and corporates.
“Intengo is excited to be a standalone company in the debt marketplace,” says Ian Norden, CEO of Intengo Market.
“While we provide our corporate and institutional clients with a seamless digitised experience, we’re also working to help reduce friction costs and operational risks for the fixed income markets in general.”
Ian notes that two actions – introducing market transparency and streamlining the investment and trading process – already significantly contribute to increasing liquidity in the debt capital markets.
By June 2023, we’d seen more than R120 billion in bids for new debt and R60 billion in primary market debt issuances by large, listed corporates move through the platform. These transactions make Intengo the largest digital debt marketplace in South Africa.
What started as a platform incubated within RMB has now evolved into an independent hub to create a more streamlined marketplace for the issuance of and investment into debt instruments in the South African market. We love the idea of “1 + 1 = 3” for everyone involved.
Ian notes that two actions – introducing market transparency and streamlining the investment and trading process – already significantly contribute to increasing liquidity in the debt capital markets.
By June 2023, we’d seen more than R120 billion in bids for new debt and R60 billion in primary market debt issuances by large, listed corporates move through the platform. These transactions make Intengo the largest digital debt marketplace in South Africa.
What started as a platform incubated within RMB has now evolved into an independent hub to create a more streamlined marketplace for the issuance of and investment into debt instruments in the South African market. We love the idea of “1 + 1 = 3” for everyone involved.
Intengo Market is a debt marketplace that uses a digital platform to revolutionise how debt instruments are issued and traded in South Africa.
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Ian Norden has over 15 years of financial-market experience in South Africa and the United Kingdom.
After a decade in investment banking, he shifted gears in 2016 to start a fintech platform for corporate lending and bond trading aimed at South African debt issuers, asset managers and banks. He joined Intengo in mid-2022 to continue this journey of modernising the South African fixed-income market.
Ian is passionate about efficiency and task optimisation, whether this means finding the quickest route to work or reducing the number of steps to trade a bond. He is also an avid golfer and cyclist and enjoys relaxing with a good book.Ian holds a BSc (Hons) in Actuarial Science and Statistics from the University of Cape Town (UCT). He is a qualified actuary with the Institute and Faculty of Actuaries (UK) and the Actuarial Society of South Africa. In addition, he has a Master’s degree in Finance from INSEAD.
Yushavia’s career spans over a decade in capital markets, where she specialised
in advising clients through merger and acquisition transactions from a financial
due diligence perspective. During this time, she also spent a couple of years in
the Netherlands gaining exposure to the EU financial markets.
Yushavia joined Intengo in May 2024 and brings her experience as a former PwC
partner to the team where her focus is on navigating and enhancing the
operational landscape, as well as translating the strategic direction of the
business into growth.
Yushavia is a part-time, budding bird watcher and loves spending time in the
South African bush. She is a qualified Chartered Accountant (South Africa) and
holds a BCom (Hons) in Accounting from the University of KwaZulu-Natal.
Gill Raine has worked in financial markets for over 40 years and has seen the development of the derivatives market and the inflation linked debt market. She is an experienced transactor in the debt capital markets particularly in securitisation. She also worked in Group Treasury at FirstRand Bank.
She is currently a policy advisor at ASISA focusing on the fixed interest market particularly on reform matters including Benchmark Reform, Commercial Paper regulations, OTC derivatives, repo and collateral flows and other matters related to the plumbing of financial markets.
David is an experienced capital market practitioner who specialises in matching businesses that need strategic capital with investors looking to deploy investments into promising businesses. During his over 25-year career in debt capital markets, he has worked both sides of the table – as an arranger of debt with various multinational banks, and as an issuer of debt in the impact space.
He has also successfully pioneered impact debt raising across Africa, the Americas, Europe, Scandinavia and Asia, and has sourced developmental capital from some of the largest development finance institutions and impact investors in the world. David is a founding partner and executive director at Kendal Investment Partners. In his spare time David runs and plays padel.
Keegan Edwards is a senior economist specializing in macroeconomic strategy and government policy coordination. With over a decade of experience in government policy architecture and macroeconomic analysis focusing on strategy and risk management, financial market policy reform and public sector debt management, he is able to provide strategic macroeconomic policy advice and advocate for the necessary regulatory reform between government institutions and the private sector.
During his career at the National Treasury of South Africa, he served on the Intergovernmental Fintech Working Group between the National Treasury and the South African Reserve Bank, focusing on regulatory reform and policy advocacy in the Fintech sector. He was also the National Treasury representative on the steering committee for the National Ease of Doing Business regulatory reform initiative between the World Bank and South Africa. During 2012 and 2016 he was responsible for coordinating the Sovereign Credit Rating visits between South Africa and the global credit rating agencies.
Keegan is passionate about developing strategy and unlocking macroeconomic value by matching policy advocacy and practical business solutions in order to remove impediments to business. Keegan is a mixed martial artist, an avid runner and enjoys an occasional game of golf. He holds a B Com Hons in Econometrics from the University of Johannesburg.
