MTN Nigeria closed the first-quarter (Q1) to March 31 with profit after tax (PAT) of N96.820billion as against N73.748billion in Q1’2021, up by 31.28percent.
MTN Nigerian Communications Plc (MTN Nigeria) has obtained the approval of the Securities and Exchange Commission (SEC) to launch the Series II 10-Year Fixed Rate Bond (Series II Bond) announced on September 21 2021.
MTN Nigeria is one of Africa’s largest providers of communications services, connecting approximately 69 million people in communities across the country with each other and the world.
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.
Read Also: MTN Nigeria awaits approval to issue N90 billion Series 2 Bonds
MTN Nigeria is part of the MTN Group – a multinational telecommunications group, which operates in 21 countries in Africa and the Middle East.
MTN Nigeria launched the book build in respect of the Series II Bond on October 8, 2021.
Guided by a vision to lead the delivery of a bold new digital world, MTN Nigeria’s
leadership position in coverage, capacity and innovation has remained constant since its launch in 2001.
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Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
