MTN Nigeria Raises N125bn Via Commercial Papers 

MTN Nigeria has raised N125bn through the issuance of commercial papers to boost its short-term working capital and funding requirements. <br />The company said that it had completed the Series 4 &amp; 5 Commercial Paper issuance under its N150bn Commercial Paper issuance programme. <br />The notice signed by Company Secretary, Ufo Ukpanat, revealed that MTN Nigeria sought to raise N100bn, and the transaction was 125 per cent subscribed, with N125bn increased. <br />The commercial papers included a 188-day CP at a yield of 11.00 per cent and 267-day commercial paper at 12.50 per cent.