✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

MTN issues N127bn commercial paper

MTN Nigeria Communications Plc has announced a N127 billion commercial paper for investment under its N150bn commercial paper programme. In a notice to the Nigerian…

MTN Nigeria Communications Plc has announced a N127 billion commercial paper for investment under its N150bn commercial paper programme.

In a notice to the Nigerian Exchange on Monday, signed by its Company Secretary, Uto Ukpanah, the firm said the announcement was to notify the Nigerian Exchange Limited and the investing public of its series 1 & 2.

Eid el-Fitr: FOMWAN gives clothes to over 600 orphans, widows

Real Madrid happy to prove critics wrong, says Ancelotti

The statement read in part, “The issuance comprised two tenors -a 184-day Series issuance priced at a 7.50% yield and a 254-day Series 2 issuance priced at an 8.50% yield.

It added that Stanbic IBTC Capital Limited would act as lead arranger and dealer, while Chapel Hill Denham Advisory Limited, Coronation Merchant Bank Limited, FBNQuest Merchant Bank Limited, FSDH Capital Limited, Standard Chartered Capital & Advisory Nigeria Limited and UCML Capital Limited are joint dealers.

“The Issuance is in line with the company’s strategy to diversify its financing options, with the proceeds being deployed towards working capital and general corporate purposes.”

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.