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 |