MTN Nigeria Communications Plc, one of Africa’s largest providers of communications services  has announced that it submitted an application to the Securities and Exchange Commission (SEC), for the clearance of the transaction documents of its proposed bond issuance valued at N89.999 billion.

It will be the series 2 of its N200 billion registered shelf programme.

The company’s Series 1 bond valued at N110 billion was successfully raised in May 2021.

MTN Nigeria in a notice at the Nigerian Exchange Limited signed by Uto Ukpanah, Company Secretary said the final decision on the launch of the bond will be taken once all regulatory approvals are obtained, and the investing public will be dully notified.