November 4, 2021/Cordros Report MTN Group Limited has announced plans to sell down approximately 14% (up to 575 million ordinary shares) of its current shareholding in MTN Nigeria Communications Plc to the public. The shares will be sold through a book-building process to institutional investors, and after which a fixed […]
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Negative Momentum Persists on Nigerian Bourse Index Lower -0.1%
November 4, 2021/Cordros Report EQUITIES Profit-taking activities continued today in the local bourse as selloffs in WAPCO (-1.9%), UNILEVER (-8.7%), and UBA (-2.4%) drove the benchmark index lower. Thus, the NGX ASI dipped by 0.1% to 41,943.83 points, with the Month-to-Date and Year-to-Date returns unchanged at -0.2% and +4.2%, respectively. […]
MTN Nigeria Issues N90Bn Series II Fixed Rate Bonds Due 2031
November 4, 2021/NGX MTN Nigeria Communications Plc (MTN Nigeria) has successfully completed the issuance of its N89,999,000,000 Series II 10-Year 12.75% Fixed Rate Bonds due 2031 (“Series II Bond”) under the N200 billion Bond Issuance Programme. The Series II Bond is the second issuance in 2021 by MTN Nigeria following […]
