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    SEC approves MTN Nigeria’s N89.99bn series II bond

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    Naija247news Editorial Team
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    By Itohan Abara-Laserian
    Lagos, Oct. 8, 2021 The Securities and Exchange Commission (SEC) has granted MTN Nigeria Communications approval to launch its series II 10-year Fixed Rate Bond (Series II Bond), MTN’s Company Secretary, Mrs Uto Ukpanah, announced in a notice on Friday, in Lagos.
    The notice explained that the transaction was under its debuted N200 billion issuance shelf programme announced on Sept. 21.
    “In addition, the bond issuance continues to reinforce MTN Nigeria’s strategy of diversifying its funding sources.
    “MTN Nigeria will launch the book build in respect of the series II Bond on Oct. 8,” it said.

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