Row rect Shape Decorative svg added to bottom DEALS Building Nigeria’s telecommunications capability for economic growth Absa | Corporate and Investment Banking > Insights and Events > Building Nigeria’s telecommunications capability for economic growth SHARE We are pleased to announce the successful completion of MTN Nigeria Communications Plc’s Series 1 Bond Issuance. Absa Capital Markets Nigeria Limited successfully completed the MTN Nigeria Communications Plc (“MTN Nigeria”) Series 1 bond offering, allocating NGN 115 billion across a 4- and 10-year fixed-rate deal. MTN Nigeria is the largest mobile network operator in Nigeria, and a subsidiary of MTN Group Limited, one of Africa’s leading telecommunications operators. MTN Nigeria has about 74.1 million mobile subscribers and 36.8 million active data users, with the most expansive 2G, 3G, 4G and 5G network in the country supported by the largest fiber network (over 33,000km) and a wide range of spectrum holdings. As a Joint Issuing House and Bookrunner, we are proud to have played a key role on this transaction that directly contributes to bridging the telecommunications and connectivity gap in Nigeria as well as further deepening the local capital markets. The transaction's success in challenging market conditions is reflective of investors’ confidence in MTN Nigeria as well as Absa’s capabilities and expertise in facilitating complex advisory transactions across the African continent. The bravery to imagine. That’s Africanacity. Read more on our Nigeria Business Contact us https://www.cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports Redefine’s international growth Absa supports Redefine’s international growth through €106 million sustainability-linked financing transaction Read more DEALS Absa supports Waco Africa’s growth ambitions with strategic funding solution Absa Corporate and Investment Banking (CIB) has successfully supported Waco Africa with a comprehensive funding package designed to strengthen the group's growth trajectory and support its long-term strategic objectives. Read more DEALS Connecting African ambition to global expertise Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services. Read more
