Quest Merchant Bank Leads N250bn Bond Issuance for BOI

Quest Merchant Bank Limited acted as Joint Lead Issuing House for BOI Financing SPV PLC’s N250 billion Series 1 Fixed Rate Bond Issuance, which took place from August 5 to August 11, 2026. The five-year bond offer was oversubscribed, reflecting strong demand from institutional investors.

This bond issuance is part of BOI Financing SPV PLC’s US$1 billion Multi-Currency Instruments Programme and received AAA ratings from Agusto & Co. and Intelligence Africa. It will be listed on FMDQ Securities Exchange Limited.

As Joint Lead Issuing House, Quest Merchant Bank provided capital markets advisory and transaction execution services, leveraging its relationships with institutional investors to mobilize long-term funding. Afolabi Olorode, Managing Director/CEO of Quest Merchant Bank, stated that the issuance demonstrates Nigeria’s capital markets' capacity to mobilize long-term funding for productive activities, connecting institutional investors with the real economy and supporting Nigerian businesses.