Sterling Bank

Issuer	Sterling Bank PLC
Sector	Financial Services
Industry	Banking
Programme	₦100.00bn Commercial Paper Issuance Programme
Face Value (₦)	1,000.00
Currency	Nigerian Naira
ISIN Code	NGCP18STB041
Issuer Rating	GCR: BBB DataPro: BBB+
Joint Lead Arrangers and Dealers	Stanbic IBTC Capital Limited & Constant Capital Markets and Securities Limited
Issuing, Calculation and Paying Agent	Stanbic IBTC Bank PLC
CP Specialist	N/A
Underwriter	N/A
Guarantor	N/A
Day Count Convention	Actual/Actual
Use of Proceeds	The net proceeds from each issue will be used solely to support the Issuer’s short term funding requirements, as part of its asset and liability management strategy for its banking operations
Early Redemption	N/A

Series	Issue Amount (₦’bn)	Tenor	Issue Date	Maturity Date	Discount Rate at Issue (%)	Yield at Issue (%)	Offer Document
2 (Tranche A)	8.10	260 days	Mar. 31, 2020	Dec. 16, 2020	8.01	8.50	Pricing Supplement

Note:
N/A: Not available