South Africa’s MTN (Mauritius) Investments starts capped tender offer

Chicago, Aug. 22 – MTN (Mauritius) Investments Ltd. started a capped tender offer relating to its $750 million outstanding 4.755% notes due 2024 (ISIN: XS1128996425), according to an announcement.

The issuer is offering to buy up to $250 million nominal amount of the notes at 101.

The company will also pay unpaid interest to the settlement date.

The tender offer only applies to the Regulation S notes. The Rule 144A notes are excluded from the offer.

The offer expires at 11 a.m. ET on Aug. 31.

Results will be announced on Sept. 1, and the offer is expected to settle on Sept. 2.

The dealer managers for the offer are Merrill Lynch International (+44 20 7996 5420, DG.LM-EMEA@bofa.com), MUFG Securities EMEA plc (+44 20 7577 4218, liability.management@mufgsecurities.com) and Standard Chartered Bank (+44 20 7885 5739, +65 6557 8286, +852 3983 8658, liability_management@sc.com).

Morrow Sodali Ltd. is the tender agent (+44 20 4513 6933, +852 2319 4130, mtn@investor.morrowsodali.com, https://projects.morrowsodali.com/mtn).

The notes are guaranteed by MTN Group Ltd., Mobile Telephone Networks Holdings Proprietary Ltd., MTN International (Mauritius) Ltd., MTN International Proprietary Ltd., Mobile Telephone Networks Proprietary Ltd. and MTN Treasury Ltd.

Based in Johannesburg, Mobile Telephone Networks is a network provider that serves South Africa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.