deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

MTN raises N52.89bn through commercial papers

Marcus Amudipe
Marcus Amudipe

 

MTN Nigeria successfully raised N52.89 billion through its Series 8 & 9 Commercial Paper issuance, part of its N250 billion Commercial Paper Issuance Programme.

The completion of the CPs was disclosed in a filing with the Nigerian Exchange Limited after last Thursday’s announcement.

The fully subscribed offer included 182-day commercial papers with a 14% yield and 267-day commercial papers with a 16% yield. The CP Issuance process concluded on Tuesday.

In the statement, MTN Nigeria said that the “CP Issuance aligns with its strategy to reduce its average cost of debt and diversify its funding sources. The proceeds will be applied towards short-term working capital requirements.”

Speaking on the CP Issuance, MTN Nigeria’s Chief Executive Officer, Karl Toriola, said, “We are grateful for the success of this transaction which demonstrates investor confidence in the performance and management of MTN Nigeria. The market terrain is changing and managing our funding costs is a key focus.

“The transaction was concluded in record time and this could not have been possible but for the unwavering support of our advisers and the investor community.”

Stanbic IBTC Capital Limited served as the Arranger and Dealer, collaborating with ARM Securities Limited, Chapel Hill Denham Advisory Limited, FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital & Investments Limited, and Rand Merchant Bank Nigeria Limited, all acting as Joint Dealers in the transaction.


TAGGED:
Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor