22 July 2025

AXIAN Telecom has successfully priced its US$600 million Senior Notes due in 2030. The bond offering, announced on June 25, 2025, garnered strong interest from international investors.

The initial price thoughts were set at around a 7.875% yield, but the notes were ultimately priced with a coupon of 7.250%, translating to a yield of 7.375%. This achievement is notable given the challenging global market conditions. The orderbook peaked at approximately 3.0 times oversubscription, reflecting robust demand from a diverse range of high-quality institutional investors.

The funds raised will be used to refinance existing notes and a term loan, as well as for general corporate purposes. These include expanding AXIAN Telecom’s digital infrastructure and advancing its mission of fostering sustainable growth and digital inclusion across its African markets. As part of the issuance, AXIAN Telecom published a Sustainable Development Impact Disclosure, outlining its plans to invest in infrastructure, increase smartphone access, promote mobile financial services, and enhance digital connectivity across its operations.

This successful issuance demonstrates increasing investor confidence in African issuers and positions AXIAN Telecom as a key driver of innovation and connectivity continent-wide.
“This bond issuance reflects the strength of our diversified business model and the trust investors have in our long-term vision. It enables us to accelerate our mission of delivering inclusive digital transformation and connectivity across Africa,” said Hassan Jaber, CEO of AXIAN Telecom.