Last week we saw a post here about MTN Nigeria's, N100 billion commercial paper issuance, for the development of its 4G network and aset acquisition for operations. Stop maked the beginning of sales of the papers to the public.
Details: Issuer; MTN Nigeria Communications Plc.
Arranger: Chapel Hill Denham Advisory Limited.
Tenor: 180 days (commercial paper 1) 270days (commercial paper 2).
Discount Rate: 4.6890% – 4.8797% (commercial paper 1) 5.6078% – 5.7455% (commercial paper 2).
Implied Yield: 4.8000% – 5.0000% (commercial paper 1) 5.8500% – 6.0000% (commercial paper 2).
Offer Open Date: Thursday, May 28, 2020.
Offer Close Date: Thursday, June 4, 2020.
Settlement Date: Friday, June 5, 2020.
Minimum subscription: N1 million.
Issuance size: N100 billion (series 1 & 2 commercial paper issuance N50billion each).
Details: Issuer; MTN Nigeria Communications Plc.
Arranger: Chapel Hill Denham Advisory Limited.
Tenor: 180 days (commercial paper 1) 270days (commercial paper 2).
Discount Rate: 4.6890% – 4.8797% (commercial paper 1) 5.6078% – 5.7455% (commercial paper 2).
Implied Yield: 4.8000% – 5.0000% (commercial paper 1) 5.8500% – 6.0000% (commercial paper 2).
Offer Open Date: Thursday, May 28, 2020.
Offer Close Date: Thursday, June 4, 2020.
Settlement Date: Friday, June 5, 2020.
Minimum subscription: N1 million.
Issuance size: N100 billion (series 1 & 2 commercial paper issuance N50billion each).