MTN Nigeria has raised N125billion through issuance of commercial papers to boost its short-term working capital and funding requirements.
In a notice to the Nigerian Exchange Limited on Monday, the company said that it had completed the Series 4 & 5 Commercial Paper issuance under its N150billion Commercial Paper issuance programme.
The notice signed by Company Secretary, Ufo Ukpanat, revealed that MTN Nigeria sought to raise N100billion, and the transaction was 125 per cent subscribed, with N125billion raised.
The CP Issuance was completed on 1 March 2023.
previous post
