MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED - MTN Nigeria Communications PLC Proposed Issuance Of Up To N50,000,000,000 Series I & II Commercial Paper Issuance

MTN Nigeria Communications PLC Proposed Issuance Of Up To N50,000,000,000 Series I & II Commercial Paper Issuance

MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1993/001411/06)
(“MTNH”)
Issuer code: BIMTN


MTN NIGERIA COMMUNICATIONS PLC PROPOSED ISSUANCE OF UP TO
N50,000,000,000 SERIES I & II COMMERCIAL PAPER ISSUANCE
PROGRAMME

Noteholders are advised that MTN Nigeria Communications Plc
(“MTN Nigeria” or “the Company”) has notified The Nigerian Stock
Exchange and the investing public of its proposed Series I and
II Commercial Paper issuance (the “Issuance”) of up to N50
billion.

Having already received FMDQ Securities Exchange Plc approval
for the registration of its N100,000,000,000 (One Hundred
Billion Naira) Commercial Paper Programme (“the Programme”), the
Issuance is part of the Company’s strategy to diversify its
financing sources with the funds being deployed towards working
capital and general corporate purposes.

Further details on the initial issuance (as well as subsequent
issuances) will be communicated to the market as the
transaction(s) occur.

By the order of the Group Board
MTN Group Secretary

For further information contact:

Thato Motlanthe, MTN Group Executive for Investor Relations
Tel: +27 83 869 3348    Email: Thato.Motlanthe@mtn.com


25 May 2020
Debt Sponsor: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division.

Date: 25-05-2020 08:00:00
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