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.
SUMMARY OF THE OFFER
| Issuer | 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 sales@chapelhilldenham.com or st@chapelhilldenham.com and/or call 0908 761 4152, 0802 242 7711, and 0812 444 4228.