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.