Capital

MTN Nigeria Secures Approval To Launch N90Bn Series II Bond Under Its Debut N200Bn Bond Issuance

Image Credit: MTN

October 8, 2021/NGX

MTN Nigerian Communications Plc (MTN Nigeria) has obtained the approval of the Securities and Exchange Commission to launch the Series II 10-Year Fixed Rate Bond (Series II Bond) announced on 21 September 2021. The Series II Bond represents the completion of the N200 billion registered shelf programme. In addition, the bond issuance continues to reinforce MTN Nigeria’s strategy of diversifying its funding sources.

MTN Nigeria will launch the book build in respect of the Series II Bond on 8 October 2021.

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