Stanbic IBTC Bank eyes N50bn from Series-2 Commercial Paper issuance

Stanbic IBTC Bank Limited is targeting up N50billion from Series-2 Commercial Paper (CP) issuance.

The Series-2 CP issuance, under its N100 billion multi-currency commercial paper programme will close April 24, 2025.

The proceeds from the offer will be used to support the bank’s short-term funding requirements, as part of its asset and liability management strategy for its banking operations.

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Stanbic IBTC Bank offers its clients a wide range of commercial banking products through its 180 branches spread across every state in Nigeria, and via a range of channels powered by sophisticated technology to bring convenient banking to clients.

The bank is also a key player in financial inclusion and is poised to take banking to the doorsteps of its clients in different personal and business categories who desire bespoke banking services.

The bank maintains its AAA rating by GCR, the highest possible corporate rating, reflective of its strong competitive position, earnings and cash flows which have supported a robust financial profile. The company is also rated AAA by Fitch. The ratings further reflect Stanbic IBTC Bank’s experienced and dedicated management team, and its beneficial relationship with the Standard Bank Group.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.