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JenneteUgo Anya
- December 16, 2024
MTN Nigeria Raises ₦72.1bn In Oversubscribed Series
MTN Nigeria Communications PLC has successfully raised ₦72.18 billion through its series 13 and 14 commercial paper (CP) issuance, surpassing its initial target of ₦50 billion by 144 percent due to overwhelming investor interest. This issuance, conducted under the company’s ₦250 billion CP Issuance Programme, marks another milestone in MTN Nigeria’s financing strategy. The series […]
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- November 18, 2024
MTN Nigeria Secures ₦75bn In Oversubscribed CPI
MTN Nigeria, the country’s leading mobile network operator, has successfully raised ₦75 billion through its commercial paper issuance (CPI) program, highlighting investor confidence despite a turbulent financial year. The funds, raised under Series 11 and 12 of the company’s ₦250 billion commercial paper issuance programme, will bolster daily operations and address immediate financial obligations. Initially […]
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- November 7, 2024
MTN Nigeria Seeks N50bn In Debt Market To Cover Funding Gap
MTN Nigeria, the largest wireless operator on the continent, has revealed its plans to raise N50 billion in commercial paper to support its short-term working capital needs. This move marks MTN Nigeria’s first return to the debt market this year, following four commercial paper issues last year, which raised a total of N375 billion. In […]
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