Stanbic IBTC Bank Limited is targeting up N50billion from Series-2 Commercial Paper (CP) issuance.
The Series-2 CP issuance, under its N100 billion multi-currency commercial paper programme will close April 24, 2025.
Read also: Stanbic IBTC shops N50bn from series 1 commercial paper issuance
The proceeds from the offer will be used to support the bank’s short-term funding requirements, as part of its asset and liability management strategy for its banking operations.
Stanbic IBTC Bank offers its clients a wide range of commercial banking products through its 180 branches spread across every state in Nigeria, and via a range of channels powered by sophisticated technology to bring convenient banking to clients.
Read also: Stanbic IBTC bank reinforces commitment to wealth management, legacy building
The bank is also a key player in financial inclusion and is poised to take banking to the doorsteps of its clients in different personal and business categories who desire bespoke banking services.
The bank maintains its AAA rating by GCR, the highest possible corporate rating, reflective of its strong competitive position, earnings and cash flows which have supported a robust financial profile. The company is also rated AAA by Fitch. The ratings further reflect Stanbic IBTC Bank’s experienced and dedicated management team, and its beneficial relationship with the Standard Bank Group.
