Audio By Carbonatix
Africa's biggest mobile operator, MTN, has announced the early settlement of $300 million of its dollar-denominated bonds.
This is part of a strategy to cuts its non-rand debt, which has now fallen to 35% of the group total.
In August 2022, MTN invited eligible holders of its $750 million Eurobond due to mature in November 2024 to tender their notes for purchase by the company for cash.
The offer had attracted tenders of more than $482 million, higher than the $250 million maximum set by the mobile operator.
As a result, MTN raised the final acceptance amount to $300 million, which will be paid on September 6, 2022.
The payment will be funded from available cash balances, and will reduce the ratio of non-rand debt from 42% at the end of June.
Latest Stories
-
Kojo Oppong Nkrumah: Parliament must do the people’s business
8 minutes -
Woman arrested after setting fire at Alpha Hour founder Pastor Elvis Agyemang’s church auditorium
25 minutes -
Parliament holds public hearing on Security and Intelligence Agencies Bill
43 minutes -
Amansie Central Assembly denies creating ‘galamsey tax’, says practice dates back to 2008
43 minutes -
Today’s Front pages: Tuesday, February 10, 2026
1 hour -
NDC MPs have no right to demand annulment -Anthony Nukpenu on Ayawaso East primary
2 hours -
Ghana’s anti-corruption efforts fail to yield results as CPI score stagnates at 43
2 hours -
Portugal had over 40 staff in Qatar 2022 – GFA justifies expanded Black Stars Technical team
2 hours -
NHIA donates GH¢800k to Ghana Medical Trust Fund to support NCD patients
2 hours -
NDC begins nationwide membership registration today with new party register
2 hours -
NDC’s Ayawaso East vote-buying probe committee set to submit findings today
2 hours -
Ghana Medical Trust Fund assesses regional hospitals ahead of NCD care rollout
3 hours -
Offinso MP blames Mahama gov’t for cocoa sector challenges
3 hours -
Baba Jamal’s recall not targeted, decision based on allegations – Kwakye Ofosu
3 hours -
Ayawaso Zongo chiefs caution NDC against cancelling Ayawaso East primary
3 hours