Stanbic IBTC Bank Limited series 1 Commercial Paper (CP) issuance of up to N50billion is now open with close and funding dates set for March 17 and March 19 respectively.
The CP issuance is under its N100 billion multi-currency commercial paper programme.
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.