Stanbic IBTC Bank Limited has announced the opening of its Series 1 Commercial Paper (CP) issuance under its N100 billion multi-currency commercial paper programme, with a total offer size of up to N50 billion. The issuance closes on March 17, 2025, with the funding date set for March 19, 2025.
Thank you for reading this post, don't forget to subscribe!Strengthening Short-Term Liquidity
The bank disclosed that proceeds from the offer will be deployed to support short-term funding requirements, aligning with its asset and liability management strategy for banking operations.
Stanbic IBTC Bank maintains an AAA rating from GCR and Fitch, the highest corporate rating available, reflecting its strong competitive position, robust earnings, and solid cash flows that reinforce its financial stability.
Market Leadership and Strategic Positioning
As a subsidiary of the Standard Bank Group, the bank benefits from a highly experienced management team and a wide-reaching presence across Nigeria, with 180 branches and advanced digital banking solutions.
Additionally, Stanbic IBTC Bank remains a key player in financial inclusion, delivering innovative banking solutions tailored to both personal and business customers.
Data Headline: Stanbic IBTC Opens N50bn Commercial Paper Issuance Under N100bn Programme
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