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://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Powering progress for a cleaner energy future We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. Read more DEALS Driving purposeful partnerships to advance retail growth in Africa At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more
