FBN Holdings renames merchant banking, asset management businesses

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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.

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