Stanbic IBTC opens N1B IPO for ETF that tracks Nigerian Stock Exchange's NSE 30 index

Stanbic IBTC Asset Management, a member of Standard Bank Group, has opened its initial public offering for the Stanbic IBTC Exchange Traded Fund 30 (ETF 30), with 10,000,000 units of the fund available at N100 each at par. The offer closes onWednesday, October 15, 2014.

The offer, which has received approval from the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE), will have a minimum subscription of 10,000 units and multiples of 5,000 units thereafter. Stanbic IBTC Capital Limited is the issuing house to the offer.

Read more: Stanbic IBTC Opens IPO for N1bn Exchange Traded Fund, Articles | THISDAY LIVE.