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Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings Plc, which belongs to the Standard Bank Group, has secured its debut syndicated term loan facility. The one-year transaction that was led by MashreqBank psc as Coordinating Bank and sole Bookrunner, was oversubscribed. Stanbic IBTC closed the syndication within six weeks of launch at a competitive pricing threshold given the prevailing market conditions.
With the holiday season around the corner, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has launched a two-month nationwide loyalty campaign in which both existing and prospective customers are offered a new world of opportunities, while also delighting them with valuable gifts for their patronage.
Stanbic IBTC’s Money Market Fund (SIMM) has become the first low-risk open-ended mutual fund in West Africa to cross the N50 billion mark in Net Asset Value. The fund, managed by Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, achieved this milestone in October 2015 and further burnished its position as the largest listed fund in the country.
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