First City Monument Bank Limited (FCMB) has signed a $150 million senior unsecured term loan facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank, acting as Initial Mandated Lead Arrangers and Bookrunners. The transaction marks FCMB’s debut facility in the syndicated loan market. The facility, which was pre-funded by Commerzbank AG […]
Tag: FCMB
FCMB divests holdings in City Securities Registrars
First City Monument Bank has divested itself of City Securities Registrars Limited, a statement from the bank said on Tuesday. According to the bank, the move was in line with the holding company structure. Following the divestment, the bank said City Securities Registrars Limited had been wholly acquired by CardinalStone […]
Shareholders endorse FCMB, FinBank merger
Shareholders of First City Monument Bank Plc and FinBank have given unanimous approval to the business combination of the two banks. A statement from FCMB noted that the approval was given by the shareholders at a court-ordered Extraordinary General Meeting in Lagos on Friday. According to the statement, 99.98 per […]
