Stanbic IBTC Bank Plc Series 48, 49 and 50 Commercial Paper To Open On May 31, 2019

Proshare

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

Series:

48

49

50

Tenor:

[90] days

[180] days

[270] days

Target Size:

[up to NGN35 billion]

Discount Rate:

[ • ]

[ • ]

[ • ]

Implied Yield:

[ • ]

[ • ]

[ • ]

Offer Open Date:

[Friday, 31 May 2019]

Offer Close Date:

[Thursday, 06 June 2019]

Settlement Date:

[Friday 07 June 2019]

Maturity Date:

[ • ]

[ • ]

[ • ]

Issuer Rating:

AAA (Fitch), AA+ (GCR)

Minimum Subscription:

NGN 5million

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

 

Proshare Nigeria Pvt. Ltd.


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