Sterling Bank PLC ₦100.00bn Commercial Paper Issuance Programme

Programme Details

Issuer

Sterling Bank PLC

Size (₦' bn)

100.00 Programme Type

Commercial Paper

Currency

Naira

Face Value (₦)

1,000

No. of Series

4 Status

Registered

Status

Registered

Programmes

Series

Compliance Status

Corporate Disclosures

Lead Sponsor

Joint Sponsor(s)

Use of Proceeds

Stanbic IBTC Capital Limited

The net proceeds from each issue of Notes under the Programme will be solely to support the Issuer's short-term funding requirements, as part of its asset and liability management strategy for its banking operations or as may otherwise be described in the Applicable Pricing Supplement.

Issuing and Placing Agent(s) (IPA)

Collecting and Paying Agent (s) (CPA)

Issuing, Placing, Paying and Collecting Agent(s) (IPCA)

Stanbic IBTC Bank PLC

Lead Sponsor

Stanbic IBTC Capital Limited

Joint Sponsor(s)

Use of Proceeds

The net proceeds from each issue of Notes under the Programme will be solely to support the Issuer's short-term funding requirements, as part of its asset and liability management strategy for its banking operations or as may otherwise be described in the Applicable Pricing Supplement.

Issuing and Placing Agent(s) (IPA)

Stanbic IBTC Bank PLC

Collecting and Paying Agent (s) (CPA)

Stanbic IBTC Bank PLC

Issuing and Placing Agent(s) (IPA)

Programme Document

Issuer Rating (s)

A+/Agusto & Co. A-/GCR

Series

Issue

4 Issue Amount (N'bn)

33.82 Tenor (Days)

267 Discount (%)

12.29 Issue Date

Mar. 20, 2023

Maturity Date

Dec. 12, 2023

Issue

3 Issue Amount (N'bn)

14.04 Tenor (Days)

183 Discount (%)

11.54 Issue Date

Mar. 20, 2023

Maturity Date

Sep. 19, 2023

Issue

2 Issue Amount (N'bn)

8.15 Tenor (Days)

260 Discount (%)

8.02 Issue Date

Mar. 31, 2020

Maturity Date

Dec. 16, 2020

Issue

`1

Issue Amount (N'bn)

6.90 Tenor (Days)

177 Discount (%)

7.24 Issue Date

Mar. 31, 2020

Maturity Date

Sep. 24, 2020