N470,000,000,000fornetworkexpansion—talkaboutabigdeal

Rand Merchant Bank worked closely with MTN Nigeria, as mandated lead arranger of a US$300-million syndicated medium term facility. This facility forms part of the larger US$3-billion loan facility which involved 17 Nigerian and 8 multinational banks. RMB committed US$200-million across both US$ and Naira tranches, which will enable MTN Nigeria to further invest in its network infrastructure to improve telecommunications, data quality and capacity across Nigeria.