MTN Nigeria Secures Approval For N89.9b Bond

MTN Nigerian Communications Plc (MTN Nigeria) has obtained the approval of the Securities and Exchange Commission (SEC)  to launch Series II 10-Year Fixed Rate Bond.

A notice issued by  Uto Ukpanah,  MTN Nigeria Company Secretary and sent to the Nigerian Exchange Group (NXG) explained that the Series II Bond announced on 21 September 2021 represents the completion of the N200 billion registered shelf programme.

According to the notice published on the NXG website on Friday, the bond issuance continues to reinforce MTN Nigeria’s strategy of diversifying its funding sources.

Advertisement

“MTN Nigeria will launch the book build in respect of the Series II Bond on 8 October 2021“,  Uto Ukpanah added.

Check Also

NDIC Harp On Stakeholders Collaboration On Prudential Thresholds, Regulatory Instruments In Financial System Stability

The Nigeria Deposit Insurance Corporation (NDIC), has said for a viable financial system stability to thrive, there need for collaboration from all stakeholders in the domestic economy.