AXIAN Telecom, a leading African telecommunications and digital services provider, has successfully priced $600 million Senior Notes due in 2030, marking a key milestone in its financial strategy and regional growth ambitions. The bond attracted strong demand from global institutional investors and was priced at a 7.250% coupon with a yield of 7.375%, outperforming initial yield guidance despite volatile global markets.
The offering was nearly three times oversubscribed, reflecting investor confidence in AXIAN Telecom’s business model and long-term vision. Proceeds will be used to refinance existing debt and support corporate initiatives focused on expanding digital infrastructure across AXIAN’s African markets.
Aligned with its commitment to inclusive digital transformation, AXIAN Telecom included a Sustainable Development Impact Disclosure in the bond documentation, detailing efforts to increase telecommunications infrastructure, smartphone penetration, mobile financial services access, and digital inclusion across the continent.
The transaction was jointly led by J.P. Morgan, Standard Chartered Bank, and Standard Bank, with legal counsel from Latham & Watkins LLP and White & Case LLP.
Hassan Jaber, CEO of AXIAN Telecom, emphasized that the successful issuance reinforces investor trust and will accelerate the company’s mission to enhance digital connectivity and inclusion throughout Africa.
