MTN begins sales of bonds under its N200bn Commercial Paper

Banks disconnect MTN from banking channels

MTN begins sales of bonds under its N200bn Commercial Paper     MTN Nigeria Communications Plc Series III and IV Commercial Paper Issuance under its N200 billion Commercial Paper (CP) Issuance Programme is has opene. The proceeds from the offer will be applied towards MTN Nigeria’s working capital and general corporate purposes, statement obtained on Sunday said. The offer is scheduled to close on Wednesday, March 19, 2021. MTN Nigeria is the leading telecommunications operator in the largest telecoms market in Africa. The Company is the largest mobile operator and…

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MTN completes N100bn commercial paper issuance

MTN Group

Listed telecoms company, MTN Nigeria, has completed the issuance of its series I and II notes, under its N100 billion commercial paper debt programme. The company announced the issuance in a notice to the Nigerian Stock Exchange and the investing public in a corporate filling signed Wednesday by Uto Ukpanah, the Company Secretary. According to the second most capitalized stock at the NSE, it priced the Series I 180-day CP at an effective yield of 4.90 per cent for N20 billion size and the Series II 270-day CP, sized at…

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