• MTN plans bond sale to raise $1bn NCC fine

    MTN plans bond sale to raise $1bn NCC fine

    MTN Group has appointed four banks to organise fixed-income securities investors’ fora as it seeks fund to settle the $1 billion fine imposed by the National Communications Commission (NCC), among other pressing needs.

    The Johannesburg-based company said in a statement on Wednesday that it has mandated Barclays Bank Plc, Bank of America Corp.’s Merrill Lynch, Citigroup Inc. and Standard Bank Group Ltd. to arrange a series of fixed-income investor meetings in the US and the UK starting from tomorrow (Friday, September […]

  • UK and US bond remains special despite Brexit – Obama

    UK and US bond remains special despite Brexit – Obama

    President Barack Obama says the special relationship between the United States and the United Kingdom will not change following the Brexit vote.

    President Obama made the statement in his reaction to UK’s vote to leave the European Union on Friday.

    He noted that the referendum, characterised by a fierce populist debate on issues, including immigration and the economy, addressed ongoing changes and challenges that were raised by globalisation.

    Obama spoke with British Prime Minister, David Cameron and German Chancellor, Angela Merkel, saying the […]