Culled—Proshare
30/5/2019
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:
- 2018 PenCom Compliance Certificate
- GCR rating report, with validity July 2019
- Fitch rating report, with validity
For further enquiries, send an email to StanbicStockbrokers@stanbicibtc.com
