MTN Nigeria Communications Plc has notified Nigerian Exchange Limited (NGX) and the investing public of the successful completion of its Series 13 and 14 Commercial Paper issuance under the Company’s N250bn Commercial Paper Issuance Programme.
According to the notice, MTN Nigeria sought to raise N50bn, but the offer recorded a 144 per cent over subscription with N72.18bn issued. The 180-day and 270-day CP were issued at yields of 27.50 per cent and 29.00 per cent, respectively, with an issue date of Friday, 29 November 2024.
