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MTN Nigeria begins N100 billion commercial paper issuance today


MTN Nigeria Communications Plc has commenced its Commercial Paper (CP) Issuance (Series 1 & 2 of N50 billion each)  under its N100 billion CP issuance programme on Thursday.

The issuance is important to the telco, as it intends using the proceeds to its working capital and general corporate purposes in Nigeria. This issuance under the CP Programme represents MTN Nigeria’s debut in the domestic debt capital market. 

The proposed Commercial Paper Issuance Offer begins today and is scheduled to close on Thursday, June 4, 2020. 


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