MTN gets SEC’s nod for N89.99bn series II bond - Punch Newspapers

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MTN gets SEC’s nod for N89.99bn series II bond - Punch Newspapers
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MTN Nigeria Communications Plc says it has obtained the approval of the Securities and Exchange Commission to launch the Series II 10-Year Fixed Rate Bond announced on 21 September 2021.

The statement said the bond issuance continued to reinforce MTN Nigeria’s strategy of diversifying its funding sources.In September, The PUNCH had given a hint on bond in a mail sent from Chapel Hill Denham Advisory Limited to MTN investors. “MTN Nigeria is the leading telecommunications operator in the largest telecommunications market in Africa.“The company is the largest mobile operator and undisputed market leader in Nigeria as measured by total mobile subscribers , and active data users .

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