MTN-U secures Ush 370 billion in one of Uganda’s largest local currency syndicated facilities - MTN Uganda
Summary
MTN Uganda secured Ush 370 billion in committed debt financing from five local banks in one of Uganda’s largest local-currency syndicated facilities. The company will use the funds for general corporate purposes, including network expansion and improvements. The transaction was oversubscribed, which signals strong lender confidence in MTN Uganda’s growth outlook. MTN Uganda said the facility supports its broader push to expand digital and financial services in Uganda.
Funding
Amount
$100.0M
Total raised
Date
December 31, 2024
Announcement date
Investors
-
Lead investors
Company
mtn.com
Funded company
Classifications
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applications
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