In a notice filed with the Nigerian Exchange Limited, NGX on Thursday, the company said that Series 8 & 9 Commercial Paper notes would be under its N250 billion Commercial Paper Issuance Programme.
The notice signed by its Company Secretary, Uto Ukpanah, stated: “The issuance is part of the company’s strategy to diversify its financing options with the funds being deployed towards short-term working capital and funding requirements,”It will be recalled that recently, MTN Nigeria raised N125 billion through the issuance of commercial papers series 6 & 7, even though its plan was to raise N100 billion. The offer recorded 146 % subscription with N125 billion raised across both series.
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