LONDON — MTN returned to the Eurobond market for the first time since 2014, as Africa’s biggest mobile-phone company by sales seeks funds for investment.MTN is offering a five-year note at a yield ranging from 5.375% to 5.5%, according to a person familiar with the matter, who asked not to be identified because the information was private.MTN was also marketing a 10-year bond at about 6.5%, the person said.The mobile operator currently has one dollar bond that it announced in November 2014, with a 4.75% yield, which raised $750m."The initial guidance is quite generous, well over the existing bond, but there’s a lot of economic and regulatory uncertainty in both SA and Nigeria," Richard Segal, a senior analyst at Manulife Asset Management in London, said by phone.Barclays Bank, Bank of America Merrill Lynch, Citigroup and Standard Bank were joint bookrunners on the sales.Bloomberg

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