MTN Nigerian Communications Plc (MTN Nigeria), one of Nigeria’s Mobile Network Operators (MNOs), has obtained the approval of the Securities and Exchange Commission (SEC) to launch Series II 10-Year Fixed Rate Bond.
A notice issued the telecom operator’s Company Secretary, Uto Ukpanah, and sent to the Nigerian Exchange Group (NXG) indicated that the Series II Bond announced on 21 September, 2021 represented the completion of the N200 billion registered shelf programme.
According to the notice published on the NXG website on Friday, 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 8 October 2021”, Ukpanah added.
