MTN Nigeria Communications Plc Series I & II Commercial Paper Issuance

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Chapel Hill Denham Advisory Limited is delighted to announce that MTN Nigeria Communications Plc (“MTN Nigeria”, “the Company” or “the Issuer”) Series I and II Commercial Paper Issuance (‘’the “Issuance”), under its N100 billion Commercial Paper (“CP”) Issuance Programme is NOW OPEN. The proceeds from the CP Issuance will be used to support MTN Nigeria’s working capital and general corporate purposes. This issuance under the CP Programme represents MTN Nigeria’s debut in the domestic debt capital market.The Offer is scheduled to close on Thursday, June 4, 2020.



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MTN Nigeria Communications Plc
Arranger Chapel Hill Denham Advisory Limited
Series I II
Tenor 180 270
Issuance Size Up to =N=50 Billion
Discount Rate 4.6890% – 4.8797% 5.6078% – 5.7455%
Implied Yield 4.8000% – 5.0000% 5.8500% – 6.0000%
Offer Open Date Thursday, May 28, 2020
Offer Close Date Thursday, June 4, 2020
Settlement Date Friday, June 5, 2020
issuer Rating Aa+ (Augusto); AA (GCR)
Minimum Subscription =N=1 Million
Method of Offer Book Build
Tax Consideration Free and clear of witholding taxes

We look forward to your participation in this debut MTN Nigeria Commercial Paper Issuance.

For subscription, please contact or and/or call 0908 761 4152, 0802 242 7711, and 0812 444 4228.

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