SEC approves MTN Nigeria’s N89.99bn series II bond // Most Read News
SEC approves MTN Nigeria’s N89.99bn series II bond
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),
MTN’s Company Secretary, Mrs Uto Ukpanah, announced in a notice on Friday, in
Lagos. 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.
Nigeria News
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