FBNQuest Merchant Bank Limited aims to raise up to N15billion from its Series 1 and Series 2 Commercial Papers (CPs) issuance.
The series 1 and 2 CPs are from FBNQuest Merchant Bank Limited N100 billion Commercial Paper Programme.
The CPs issuance indicative offer opened on Wednesday, March 9, 2022, and is scheduled to close on Tuesday, March 15, 2022. Friday, March 11, 2022, is its indicative settlement date.
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The net proceeds from each issue of the CPs will be applied to support FBNQuest Merchant Bank Limited short term funding requirements, as part of its working capital management strategy. The Company is rated ‘A’ by Agusto & Co and ‘A-’ by GCR Ratings.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
