The Securities and Exchange Commission has granted MTN Nigeria Communications’ application for the Series II 10-Year Fixed Rate Bond (Series II Bond) announced on 21 September 2021.
MTN made the disclosure in an announcement at the Nigerian Exchange’s portal.
The telco averred that it would represent the completion of its N200 billion registered shelf-programme.
It cited that the bond issuance as part of continued reinforcement of the telco’s strategy of diversifying its funding sources.
The Point reports that the book build in respect of the Series II Bond was launched on October 8.
