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Telecommunications: MTN Nigeria issues $306.3 million

28/04/2022
Categories: Companies

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As part of its registered N150 billion commercial paper program, MTN Nigeria issued N127 billion ($306.3 million) on Monday, April 25. The issue consists of two durations: a 184-day serial at a price of 7.50% and a 254-day issue at a price of 8.50%. MTN indicates that the issuance is consistent with its strategy to diversify its financing options, with proceeds going to working capital and general business needs. 

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