MTN Nigeria to raise N100bn via bond issuance

MTN Nigeria Communications Plc has notified the investing public that it has completed registration with the Securities and Exchange Commission of its new N200 billion bond issuance programmed it announced in July 2022.

Consequently, MTN Nigeria has received SEC’s approval to launch the Series I (Tranche A) 4-Yaer Fixed Rate Bond and (Tranche B) 10- Year Fixed Rate Bond under the programme.

The issuance continues to reinforce the Company’s strategy of diversifying its funding sources in line with its corporate objectives.

MTN Nigeria will launch its book build in respect of the Series I (Tranche A and B) Bond on September 15, 2022.

Source: MTN Nigeria to raise N100bn via bond issuance – StocksWatch (stocksng.com)

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