Enhanced Investments - Financial Portal

MTN announces launch of tender offer for the USD450 million outstanding under the 2024 Eurobond notes

Published: 2023-11-07 16:00:35 ET

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN or the Company or the Group)

MTN announces launch of tender offer for the USD450
million outstanding under the 2024 Eurobond notes
In line with MTN’s strategy to deleverage non-rand debt faster and
its medium-term target to maintain Holdco leverage below 1.5x, MTN
(Mauritius) Investments Limited announced, on 07 November 2023, an
invitation to eligible noteholders of the USD750 million 4.755
percent notes due 11 November 2024 (of which USD450 million remains
outstanding and targeted for redemption) to tender their notes for
purchase by MTN for cash.

The       detailed        launch        announcement               can       be      accessed          on
https://direct.euronext.com/#/rispublication.


Certain information presented in this announcement may constitute pro forma financial information. The
responsibility for preparing and presenting the pro forma financial information and for the completeness
and accuracy of the pro forma financial information is that of the directors of MTN. This is presented for
illustrative purposes only. Because of its nature, the pro forma financial information may not fairly
present MTN’s financial position, changes in equity, and results of operations or cash flows. This pro
forma financial information has not been audited or reviewed or otherwise reported on by our external joint
auditors.




7 November 2023

Fairland

Lead sponsor
J.P. Morgan Equities (SA) Proprietary Limited
Joint sponsor
Tamela Holdings Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.