MTN has paid down R6.5bn in debt as it further reins in its borrowings, particularly foreign-denominated debt. 

In line with its strategy to deleverage nonrand debt faster and its medium-term target to maintain group or holding company leverage below 1.5-times, Africa’s largest mobile operator issued a cash offer to eligible holders for the $450m it has left of its original $750m 4.755% notes due in November 2024...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.