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.
The Securities and Exchange Commission (SEC) has granted MTN Nigeria Communications approval to launch its series II 10-year Fixed Rate Bond (Series II Bond), Uto Ukpanah, MTN’s Company Secretary, announced in a notice on Friday, in Lagos.
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The notice explained that the transaction was under its debuted N200 billion issuance shelf programme announced on Sept. 21.
“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 Oct. 8,” it said.
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.
