AXIAN Telecom, one of Africa's largest telecoms companies, has successfully priced a US$600 million bond offering, boosting investor confidence in the continent's digital transformation prospects.
Hassan Jaber, CEO of AXIAN Telecom, stated that the proceeds of the multimillion-dollar offering will fund infrastructure growth, smartphone access, debt refinancing, and digital inclusion in nine African markets.
“This bond issuance is a testament to the strength of our diversified business model and the trust investors place in our long-term vision. It enables us to accelerate our mission of delivering inclusive digital transformation and connectivity across Africa,” he said.
The senior notes, set to mature in 2030, were priced on June 25 at a 7.250% coupon and 7.375% yield, lower than initial price guidance, reflecting strong global demand.
Still, the bond was oversubscribed nearly three times despite a challenging global environment, drawing interest from a wide range of top-tier institutional investors.
The transaction, led by J.P. Morgan, Standard Bank, and Standard Chartered Bank, also included a Sustainable Development Impact Disclosure, highlighting AXIAN’s commitment to infrastructure investment with Latham & Watkins and White & Case providing legal counsel.
AXIAN Telecom, which operates in countries that include Tanzania, Madagascar, Uganda, and the DRC, recently unified several of its mobile operations under the Yas brand and rebranded most of its fintech services as Mixx by Yas.
This consolidation aims to offer a seamless, Pan-African experience focused on innovation, customer empowerment, and sustainability.
As Africa’s sixth-largest mobile operator, serving over 40 million subscribers, AXIAN has been a market disruptor since 2015 through aggressive investment and acquisitions.
Jaber went on to stress that the company continues to position itself as a key player in Africa’s digital future by bridging connectivity gaps and driving inclusive economic growth.
“Our vision goes beyond profit. We are building networks and services that transform lives and unlock Africa’s digital potential. With this successful bond issuance, AXIAN Telecom has reaffirmed its role as a driver of change in Africa’s digital and financial ecosystems,” he added.
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