MTN Nigeria Proposes N23 Billion Series 3 Commercial Paper Notes

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MTN Nigeria Communications Plc has proposed the issuance of up to N23 billion series 3 Commercial paper notes.

This is contained in a disclosure filed to The Exchange titled, “MTN Nigeria Communications Plc proposed Issuance of up to N23 billion series 3 Commercial paper notes.”

MTN Nigeria Proposes N23 Billion Series 3 Commercial Paper Notes

According to the company, the development is part of the company’s strategy to diversify its financing options, with the funds deployed towards working capital and general corporate purposes.

“Further details on the issuance as well as subsequent issuance will be communicated to the market as the transaction occur.”