MTNN Notifies of Proposed Series I and II Commercial Paper Issuance Of Up to N50bn

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Friday, May 22, 2020 / 10:47 PM / NSE / Header Image Credit: Medium


MTN Nigeria Communications Plc ("MTN Nigeria" or "the Company") hereby notifies The Nigerian Stock Exchange and the investing public of its proposed Series I and II Commercial Paper issuance (the "Issuance") of up to N50 billion.

Having already received FMDQ Securities Exchange Plc approval for the registration of its N100,000,000,000 (One Hundred Billion Naira) Commercial Paper Programme ("the Programme"), the Issuance is part of the Company's strategy to diversify its Financing options with the Funds being deployed towards working capital and general corporate purposes.

Further details on the initial issuance (as well as subsequent issuances) will be communicated to the market as the transaction(s) occur.


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