MTN Nigeria gets approval to launch N88.9 billion bond

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The Securities and Exchange Commission (SEC) has granted MTN Nigeria an approval to launch its series II 10-year Fixed Rate Bond (Series II Bond).

MTN’s company secretary, Uto Ukpanah, announced this in a notice on Friday, in Lagos.

The notice explained that the transaction was under its debuted N200 billion issuance shelf programme announced on September 21.

“In addition, the bond issuance continues to reinforce MTN Nigeria’s strategy of diversifying its funding sources.

“MTN Nigeria will launch the book built in respect of the series II Bond on October 8,” it said.

(NAN)

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