MTN Nigeria commences Book Building for N100bn bond

MTN’s fintech subscribers decline by 2.7%

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.

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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 over 18 years journalism experience writing on banking, finance and capital markets. 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).

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