Sterling Bank

Sterling Bank

IssuerSterling Bank PLC
SectorFinancial Services
IndustryBanking
Programme₦100.00bn Commercial Paper Issuance Programme
Face Value (₦)1,000.00
CurrencyNigerian Naira
ISIN CodeNGCP18STB041
Issuer RatingGCR: BBB
DataPro: BBB+
Joint Lead Arrangers and DealersStanbic IBTC Capital Limited & Constant Capital Markets and Securities Limited
Issuing, Calculation and Paying AgentStanbic IBTC Bank PLC
CP SpecialistN/A
UnderwriterN/A
GuarantorN/A
Day Count ConventionActual/Actual
Use of ProceedsThe 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 RedemptionN/A
Series Issue Amount (₦’bn)TenorIssue DateMaturity DateDiscount Rate at Issue (%)Yield at Issue (%)Offer Document
1 (Tranche A)6.90177 daysMar. 31, 2020Sep. 24, 20207.247.50Pricing Supplement
2 (Tranche A)8.10260 daysMar. 31, 2020Dec. 16, 20208.018.50Pricing Supplement

Note:
N/A: Not available