MTN Nigeria announces completion of N100bn Commercial Paper

MTN Nigeria Communications (MTNN) Plc on Tuesday announced the successful issuance of N100 billion Series I & II Commercial Paper (CP) notes.

and the investing public signed by Uto Ukpanah, its Company Secretary.

According to the statement, Series II 270 day CP sizes at N80 billion, clears at an effective yield of 5.95 per cent. “Given the significantly over-subscribed book, MTNN opted to issue up to the N100 billion limit of the registered CP programme,” it said. “The level of interest in MTNN’s debut in the Nigerian debt markets is a strong reflection of investor confidence in its ability to continue to deliver on its strategic objectives,” the statement added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PremiumTimesng /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: Nigeria records 315 new cases of COVID-19, total now 12,801Nigeria has recorded 315 new cases of Coronavirus, the Nigeria Centre for Disease Control (NCDC) has announced.NCDC, on its verified twitter handle
Read more »

ANALYSIS: In Okonjo-Iweala's nomination to lead World Trade Organisation, Nigeria faces risksIn a diplomatic note through Nigeria's mission in Addis Ababa, Ethiopia, which hosts the AU headquarters, Mr Buhari had last Thursday announced
Read more »

Coronavirus: Abia quadruples as Nigeria records 260 new infectionsThe Nigeria Centre for Disease Control (NCDC), on Sunday, announced 260 new cases of COVID-19, bringing the total number of confirmed cases
Read more »

El-Rufai govt announces more COVID-19 cases in Kaduna South, North, Chikun - Daily Post NigeriaThe Kaduna State government has announced four new cases of COVID-19 in three communities in the State. The communities are Kaduna South, Kaduna North and
Read more »

FCT announces another COVID-19 death, 40 new cases in Abuja - Daily Post NigeriaThe Federal Capital Territory Authority, FCTA, has confirmed 40 new cases of COVID-19 in Abuja. FCTA made the confirmation while disclosing that the
Read more »

Kaduna Govt announces discharge of four coronavirus patients, confirms 20 new cases - Daily Post NigeriaThe Kaduna Government has announced the discharge of four coronavirus patients from the isolation centers in the State. The State Governor, Nasir El-Rufai
Read more »