MTN Nigerian Communications Plc (MTN Nigeria) says it has obtained the approval of the Securities and Exchange Commission (SEC) to launch its Series II 10-Year Fixed Rate Bond (Series II Bond) announced on 21 September 2021.
The Series II Bond represents the completion of the N200 billion registered shelf programme.
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 8 October 2021.