The bond offering, announced on June 25, 2025, drew substantial attention from global investors.

Initially marketed with yield expectations around 7.875%, the notes were ultimately priced at a competitive 7.250% coupon, translating to a yield of 7.375%.

Despite prevailing uncertainties in the global financial markets, the issuance saw robust demand, with the order book reaching nearly three times oversubscription, a clear indication of investor confidence.

The raised capital will primarily be directed toward refinancing the company’s current outstanding notes and term loans.

In addition, AXIAN Telecom plans to use part of the proceeds to fund broader corporate initiatives, particularly investments in expanding its digital infrastructure footprint across its operating regions.

In alignment with its mission of inclusive digital growth, the company incorporated a Sustainable Development Impact Disclosure into the bond, outlining commitments to enhance infrastructure, expand smartphone reach, increase access to mobile financial services, and boost connectivity across the continent.

The transaction underscores growing investor interest in African issuers and reinforces AXIAN Telecom’s leadership in pushing digital transformation throughout Africa.

J.P. Morgan, Standard Chartered Bank, and Standard Bank served as joint bookrunners on the deal.

Legal advisory services were provided by Latham & Watkins on behalf of AXIAN Telecom, while White & Case represented the initial purchasers.

“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,” Hassan Jaber, CEO, AXIAN Telecom, said.