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 a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more DEALS Propelling South Africa’s Just Energy Transition Our landmark project financing contribution towards an R8.8 billion transaction with Red Rocket South Africa (Pty) Ltd reinforces our position as a market leader in renewable energy financing. Read more DEALS Building a more robust green energy landscape South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Read more
