The Freshfields team was led by partners Stuart Grider and Duncan Kellaway

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised MTN Group on the issuance of US$500m guaranteed notes due 2022 for 5.373 per cent yield and the issuance of US$500m guaranteed notes due 2026 for 6.5 per cent yield. MTN Group is a market-leading mobile telephone network operator headquartered in South Africa with operations across Africa and the Middle East, which services approximately 230 million customers. 

This note issuance is one of the first corporate bond issues by an African issuer this year. It also comes against a backdrop of recent market volatility in Africa, including in Nigeria, which is MTN Group’s largest market. 

The Freshfields team was led by partners Stuart Grider and Duncan Kellaway.