Bonds & Fixed Income | |
Bonds & Fixed Income | |
7227 VIEWS | |
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Thursday, May 30, 2019 05:01 PM / By Stanbic IBTC Stockbrokers
We
are pleased to inform you of the intention of Stanbic IBTC Bank Plc to issue
Series 48, 49 & 50 Commercial Paper Notes under its N100bn Commercial Paper
Programme.
Please
find below a summary of the indicative terms of the offer.
Issuer: |
Stanbic IBTC Bank PLC |
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Series: |
48 |
49 |
50 |
Tenor: |
[90] days |
[180] days |
[270] days |
Target Size: |
[up to NGN35 billion] |
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Discount Rate: |
[ • ] |
[ • ] |
[ • ] |
Implied Yield: |
[ • ] |
[ • ] |
[ • ] |
Offer Open Date: |
[Friday, 31 May 2019] |
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Offer Close Date: |
[Thursday, 06 June 2019] |
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Settlement Date: |
[Friday 07 June 2019] |
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Maturity Date: |
[ • ] |
[ • ] |
[ • ] |
Issuer Rating: |
AAA (Fitch), AA+ (GCR) |
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Minimum Subscription: |
NGN 5million |
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Tax Consideration: |
Free and clear of
withholding taxes |
Please find attached the following documents for your records/reference:
1. 2018 PenCom
Compliance Certificate
2. GCR rating
report, with validity July 2019
3. Fitch rating
report, with validity
For further enquiries, send an email to StanbicStockbrokers@stanbicibtc.com
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