16.25 STERLING INVESTMENT 6-OCT-2025

16.25 STERLING INVESTMENT 6-OCT-2025

Series2
Issue Amount (₦’bn)32.899
Tenor (Year)7
Issue DateOct. 5, 2018
Maturity DateOct. 6, 2025
Coupon (%)16.25
Yield at Issue (%)16.25
Issue Price (₦)At par
CurrencyNigerian Naira
Coupon FrequencySemi-annual
Issue RatingBBB/GCR
ISINN/A
Use of ProceedsTo purchase 7 Year Notes issued by Sterling Bank PLC (60%) and FGN Securities (40%) to be held by the Trustees on behalf of Bondholders
RedemptionPar at maturity
Debt ServiceN/A
Trustee(s)FBN Trustees Limited, Vetiva Trustees Limited, Stanbic IBTC Trustees Limited and STL Trustees Limited
Tax ConsiderationExempted from Nigerian Tax
Offer DocumentPricing Supplement