MTN Bond Yields Soar to Record as Shares Fall to 3-Year Low

Updated on
  • Lack of clarity over Nigerian fine knocks mobile-phone company
  • Three-hour trading halt lifted after company issues statement

MTN Group Ltd.’s dollar bonds plunged for a third day, driving yields to record highs, as shares in Africa’s largest mobile-phone operator extended a decline to a three-year low amid a lack of clarity over a $5.2 billion fine the company faces in Nigeria.

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