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 Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more
