AXIAN Telecom, the pan-African telecommunications giant, has reached a new strategic milestone with the successful issuance of a $600 million bond, with the price set on June 25, 2025.
The oversubscribed operation resulted in the issuance of senior notes due in 2030 with a coupon of 7.250% and a yield of 7.375%, below the initial forecast of 7.875%. This tightening of conditions reflects the sustained interest of investors, with the order book reaching nearly three times the proposed amount.
The operation allows AXIAN Telecom, present in nine African markets including Tanzania, Madagascar, Uganda, and the DRC, to refinance its existing debt while financing its general needs. These include expanding digital infrastructure, enhancing smartphone access, and developing mobile financial services as part of an inclusive digital transformation strategy on the continent.
“This bond issuance demonstrates the strength of our diversified business model and the trust that investors place in our long-term vision. It enables us to accelerate our mission of inclusive digital transformation and connectivity across Africa,” said Hassan Jaber, CEO of AXIAN Telecom.
The transaction was structured and led by J.P. Morgan, Standard Bank, and Standard Chartered Bank. The law firm Latham & Watkins acted as legal advisor to AXIAN Telecom, while White & Case represented the initial buyers.
In addition to the operation, the telecom company also released a disclosure document on sustainable development impact. This report highlights its commitments to digital inclusion, investment in infrastructure, increased accessibility to mobile services, and the promotion of fintech services across the continent.
