CP- STANBIC IBTC PLC
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Dear Investor
We are pleased to inform you that the Stanbic IBTC Bank Plc Series 48, 49 & 50 Commercial Paper Notes under its N100bn Commercial Paper Programme is scheduled to close on Thursday 06 June 2019.
If you would like to participate but do not have up to the required N5m, please send an email to trading@erebuscapital.net to participate through them. Multiples of N500,000 only.
Please find below a summary of the 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: | 11.6400% | 11.9100% | 12.6862% |
Implied Yield: | 11.9840% | 12.6532% | 14.0000% |
Offer Open Date: | Friday, 31 May 2019 | ||
Offer Close Date: | Thursday, 06 June 2019 | ||
Settlement Date: | Friday 07 June 2019 | ||
Maturity Date: | Thursday 05 September 2019 | Wednesday 04 December 2019 | Tuesday 03 March 2020 |
Issuer Rating: | AAA (Fitch), AA- (GCR) | ||
Minimum Subscription: | NGN 5million | ||
Tax Consideration: | Free and clear of withholding taxes |