Stanbic IBTC Facilitates Landmark Transactions For Lagos State, Nigerian Breweries PLC, Others

IBTC Holdings PLC, a member of Standard Bank Group, has facilitated various
landmark transactions in the Nigerian financial market. The firm, through its
subsidiaries, handled milestone deals for Nigerian Breweries Plc, Union Bank of
Nigeria PLC, First Securities Discount House (FSDH) Merchant Bank and even the
Lagos State Government, among others.

The Stanbic
IBTC Holdings PLC subsidiaries include Stanbic IBTC Capital Limited, Stanbic
IBTC Stockbrokers Limited and Stanbic IBTC Trustees Limited. These subsidiaries
acted in various such as Financial Advisor, Issuing House, Bookrunner,
Stockbrokers as well as the Receiving Bank and Joint Trusteeship.

Also read  Mastercard Love Index shows more Africa and Middle East shoppers plan ahead for Valentine’s Day

IBTC assisted the Lagos State Government to issue N100 billion in series 3
Bonds under its N500 billion Bond Programme in January 2020 with a tenor of 10
years. The bond was oversubscribed to the tune of N196 billion (2x subscribed).

Also read  Dare Art-Alade’s Speech At 'Nigeria PR Report' Launch

Stanbic IBTC Capital Limited backed the Nigerian Breweries Plc as the Joint
Lead Arranger and Dealer to raise N89 billion in the Series 5 and 6 Commercial
Paper Issuance which was also oversubscribed. Stanbic IBTC Capital Limited was
responsible for 50 per cent of the total amount raised in February 2020.

IBTC Bank PLC, with the aid of its sister subsidiary, Stanbic IBTC Capital
Limited, successfully issued N25 billion in Series 54 Commercial Paper in March
2020 with a tenor of 267 days under …read more

Also read  Nigerian Breweries launches “Go Places”, a unique global talent campaign

Source:: MediaCraft