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Wireless

MTN Nigeria sounds out potential interest in bond

Thursday 8 September 2016 | 10:03 CET | News
MTN Group plans to gauge investor interest in a possible bond offering as it seeks funds to pay for dividends, capital expenditure and a record NGN 330 billion fine in Nigeria, reports Bloomberg. MTN has mandated Barclays Bank, Bank of America's Merrill Lynch, Citigroup and Standard Bank Group to arrange a series of fixed-income investor meetings in the US and the UK starting 09 September. The dollar-denominated bond offering is expected to follow, subject to market conditions, MTN said.

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Categories: Mobile & Wireless
Companies: MTN / MTN Nigeria
Countries: Nigeria
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