Stanbic IBTC Money Market Fund

Fund Name:Stanbic IBTC Money Market Fund
Fund Manager:Stanbic IBTC Asset Management Limited
Issuing Houses: Lead:Stanbic IBTC Bank PLC
Joint:Nil
Trustees to the Fund:PHB Capital & Trust Limited
The Offer:10,000,000 units of ₦100 each at par in the Fund
Nature of the Fund:The Fund aims to generate competitive income for all classes of investors that value liquidity and security of asset. The Fund will invest in low-risk short-term securities such as Treasury Bills, Commercial Papers, Bankers Acceptance and Certificate of Deposits with rated banks in Nigeria. The Fund will invest all of its assets in quality money market securities with tenor of less than 1 year and institutions that are rated 'A' by at least one SEC-registered rating agency
Price:₦100 per Unit
Size:1,000,000,000.00
Units of Sale:500 Units and multiples of 100 Units thereafter.
Rating:Aa(f) / Agusto
Holding Period:N/A
Payment Terms:In full on application
Offer DocumentProspectus