16.25 STERLING INVESTMENT 6-OCT-2025
| Series | 2 |
| Issue Amount (₦’bn) | 32.899 |
| Tenor (Year) | 7 |
| Issue Date | Oct. 5, 2018 |
| Maturity Date | Oct. 6, 2025 |
| Coupon (%) | 16.25 |
| Yield at Issue (%) | 16.25 |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual |
| Issue Rating | BBB/GCR |
| ISIN | N/A |
| Use of Proceeds | To purchase 7 Year Notes issued by Sterling Bank PLC (60%) and FGN Securities (40%) to be held by the Trustees on behalf of Bondholders |
| Redemption | Par at maturity |
| Debt Service | N/A |
| Trustee(s) | FBN Trustees Limited, Vetiva Trustees Limited, Stanbic IBTC Trustees Limited and STL Trustees Limited |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
