By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Nigerian BankerNigerian Banker
Notification Show More
Latest News
FirstBank’s sponsored Timeless Concert by Davido connects fans, promotes culture and boosts the music industry to greater heights
April 25, 2023
FirstBank announces a name change of its subsidiaries, reiterates its commitment to business in africa and the world.   
March 31, 2023
Access Bank acquires Atlas Mara Zambia
March 25, 2023
Stanbic IBTC appoints Ndidi Nwuneli as new Director
March 25, 2023
Bank Loans with collateral Vs without collateral. Know your options
March 24, 2023
Aa
  • Home
  • News
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Research & Analysis
  • Opinion
  • My Bookmarks
  • Contact US
Reading: MTN to issue N23bn series 3 Commercial Paper Notes
Share
Aa
Nigerian BankerNigerian Banker
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis
Search
  • Home
  • News
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis
  • Contact
Have an existing account? Sign In
Follow US
© 2022 - Nigerian Banker. All Rights Reserved.
- Advertisement -
Ad image
Nigerian Banker > Blog > News > MTN to issue N23bn series 3 Commercial Paper Notes
News

MTN to issue N23bn series 3 Commercial Paper Notes

bankernaija
bankernaija September 6, 2022
Updated 2022/09/06 at 9:17 PM
Share
SHARE

MTN Nigeria, one of Africa’s largest providers of communications services, connecting over 74 million people in communities across Nigeria with each other and the world. MTN Nigeria, part of the MTN Group a multinational communications group, which operates in 19 countries in Africa and the Middle East has remained constant in leadership position in coverage, capacity and innovation since its lunch in 2002.

MTN Nigeria Communications PLC hereby notifies Nigerian Exchange Limited and the investing public of its proposed issuance of up to N23 billion (Twenty Three Billion Naira) Series 3 Commercial Paper notes under its N150 billion (One Hundred and Fifty Billion Naira) Commercial Paper Issuance Programme.

The Issuance is part of the Company’s strategy to diversify its financing options, with the funds deployed towards working capital and general corporate purposes.

Further details on the Issuance as well as subsequent issuances will be communicated to the market as the transactions occur.

In April this year MTN Nigeria Communication Plc was able to raise N127 billion through the issuance of series 1 and series 2 notes under the same N150 billion commercial papers (CP) programme of the company. The issuance consists of two tenors – a 184-day series issuance priced at a 7.50 per cent yield and a 254-day series 2 issuance priced at an 8.50 percent yield.

The N127 billion CP issuance which was a landmark achievement in the debt capital market issuance programme in Nigeria had Stanbic IBTC Capital Limited acted as Lead Arranger and Dealer, while Chapel Hill Denham Advisory Limited, Coronation Merchant Bank Limited, FBNQuest Merchant Bank Limited, FSDH Capital Limited, Standard Chartered Capital & Advisory Nigeria Limited and UCML Capital Limited acted as joint dealers.

Related

- Advertisement -
TAGGED: capital market, commercial paper, debt, money market, MTN
bankernaija September 6, 2022
Share this Article
Facebook TwitterEmail Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • FirstBank’s sponsored Timeless Concert by Davido connects fans, promotes culture and boosts the music industry to greater heights
  • FirstBank announces a name change of its subsidiaries, reiterates its commitment to business in africa and the world.   
  • Access Bank acquires Atlas Mara Zambia
  • Stanbic IBTC appoints Ndidi Nwuneli as new Director
  • Bank Loans with collateral Vs without collateral. Know your options

Recent Comments

  1. How Nigerians in Diaspora can obtain BVN and attach it to their Nigerian Bank Account with ease – Nigerian Banker on How BVN can be used to steal money from you Bank Account

You Might Also Like

News

Access Bank acquires Atlas Mara Zambia

March 25, 2023
Banking PersonalityNews

Stanbic IBTC appoints Ndidi Nwuneli as new Director

March 25, 2023
NewsOpinion

How CBN hesitation despite SC ruling ensures continuous Naira Scarcity

March 22, 2023
Godwin Emefiele, Central Bank of Nigeria Governor
News

CBN bows at last, affirms N200, N500 and N1,000 as legal tender

March 13, 2023

Categories

  • My Bank & I
  • Banking Personality
  • Ethical Banking
  • Research & Analysis
  • Opinion

About US

Nigerian Banker is focused on being the reference and source for all banking and related information in Nigeria
Quick Link
  • My Bookmark
  • Contact Us
  • News
  • My Bank & I
Top Categories
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Nigerian Banker. 2022. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?