Featured Finance

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.

Related posts

DMO accelerates implementation of promissory notes to oil marketers

Editor

CBN, BPE agree on sale of FG’s 12.4bn shares in NSPM

Editor

Forex, power, taxes hurting manufacturing sector – MAN

Our Reporter

Customs loses officer, decries incessant attack on personnal

Editor

Depots sell N220/litre, marketers project N350/litre pump price

Our Reporter

Traders protest closure of 400 Nigerian-owned shops in Ghana

Editor