Business
FBN Holdings Renames Merchant Banking, Asset Management Businesses
- FBN Holdings Renames Merchant Banking, Asset Management Businesses
FBN Holdings Plc has announced the renaming of all entities under its merchant banking and asset management group.
These are FBNQuest Merchant Bank, FBNQuest Asset Management, FBNQuest Securities; FBNQuest Capital, FBNQuest Trustees and FBNQuest Funds.
The group said the merchant banking and asset management group was set to close the year on a positive note, having delivered several transactions in the course of the year.
In a statement on Tuesday, the company said, “In 2017, FBNQuest Merchant Bank was appointed as co-financial adviser to the Debt Management Office on the inaugural FGN N100bn Sukuk offer, and acted as a joint issuing house/book runner for the Dufil bond programme.
“Despite the tight monetary conditions, the bond series was successfully distributed to a diversified mix of investors which included pension fund administrators, insurance companies, asset managers, deposit money banks and frontier-market fund managers.