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MTN looking for funds to pay Nigerian fine

Connectivity BusinessbyConnectivity Business
September 7, 2016
in Financing, Space Services
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South Africa-based MTN Group is reportedly considering issuing a bond as it looks for money to fund dividend payments and capital expenditure, and repay its Ng330bn (US$1.66bn) Nigerian fine. The company has instructed Bank of America Merrill Lynch, Barclays, Citigroup and Standard Bank to organise meetings with investors in the US and UK from Friday. South Africa-based MTN Group (JSE:MTN) is reportedly considering issuing a bond as […]

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Tags: AfricaBank of America Merrill LynchBarclaysCitigroupMTNMTN NigeriaPremiumStanbicStandard Bank GroupTF248
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