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
-
Ghana’s Rahim Ibrahim makes Champions League debut in PSG thrashing
7 minutes -
Tariq Lamptey suffers another injury setback at QPR
25 minutes -
PRESEC, Augusco and Accra Academy battle for 2026 NSMQ crown today
40 minutes -
GH₵12 addition to cement price: GPHA clarifies attribution to port congestion
42 minutes -
Pythagoras won’t balance your books
44 minutes -
Pay me by Sept. 11 or face the court – Kow Essuman demands salary, benefits from Finance Minister
1 hour -
Bawumia’s destiny lies in the hands of God; not you – Muslim Forum for Peace and Unity replies Rev. Owusu Bempah
1 hour -
NPP NEC meets today to discuss and approve party’s position paper on Constitution Review proposals
1 hour -
Today’s frontpages: Thursday, September 10, 2026
1 hour -
Ghana Garden and Flower Show returns on Sept 11 with focus on green jobs, business and wellbeing
1 hour -
Titus-Glover camp says Mustapha Salam wasn’t pressured to withdraw from National Organiser race
1 hour -
Ghana’s acclaimed Christian – Muslim unity bigger than Owusu Bempah’s hatred and bigotry – Muslim Forum for Peace and Unity
1 hour -
Karpowership lights up young minds on International Literacy Day
2 hours -
Banking sector NPLs fall to GH¢19.9bn as asset quality improves
2 hours -
Republic Bank Ghana, UPSA sign strategic MoU to advance professional development and industry-academia collaboration
2 hours