MTN to issue second round of bonds to fund network expansion

21 Jul 2022

MTN Nigeria has announced that it has applied to the Nigerian Securities and Exchange Commission to register a new NGN200 billion (USD480.8 million) Bond Issuance Programme. This follows the company’s debut NGN200 billion Bond Issuance Programme last year. The proceeds will be used for network expansion, working capital management and general corporate purposes. MTN adds that it will decide on issuances in due course, subject to prevailing market conditions and obtaining relevant regulatory approvals.

Nigeria, MTN Nigeria