MTN Nigeria said it has completed registration with the Securities and Exchange Commission (SEC) for its N200billion bond issuance programme announced in July.
It has commenced the process of issuing up to N100billion Series 1 bond under the N200billion bond issuance programme.
Read also: FMDQ Exchange admits LFZC Funding SPV N25bn 20-year infrastructure bond
The leading Telco received SEC approval to launch the Series 1 (Tranche A) 4 -Year fixed rate bond and Series 1 (Tranche B) 10-Year fixed rate bond under the programme.
As a result, MTN Nigeria has today September 15 launched the book build in respect of the Series 1 (Tranche A and B).
The issuance continues to reinforce MTN Nigeria strategy of diversifying its funding sources in line with its corporate objectives.
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.
