Axian Telecom has completed a major financial milestone with the pricing of its $600 million Senior Notes due in 2030. The Axian Telecom bond issuance, priced on June 25, 2025, garnered strong demand from global investors, reinforcing the market’s confidence in the pan-African telecom giant.
Despite a volatile global economic landscape, initial price guidance of 7.875% was tightened, with the notes eventually priced at a 7.250% coupon and a 7.375% yield.
The Axian Telecom bond issuance was significantly oversubscribed — the orderbook peaking at approximately 3.0 times — driven by high-quality institutional investor participation across various regions.
Proceeds from the Axian Telecom bond issuance will be used to refinance the company’s existing notes and term loan, while also supporting general corporate purposes. This includes the expansion of Axian Telecom’s digital infrastructure, furthering its mission to enable inclusive digital transformation and connectivity across Africa.
As part of its commitment to sustainable growth, Axian Telecom has published a Sustainable Development Impact Disclosure alongside the transaction. The disclosure outlines plans to invest in infrastructure, increase smartphone accessibility, and enhance mobile financial services across its African operations.
The transaction was led by J.P. Morgan, Standard Bank, and Standard Chartered Bank, with legal advisory from Latham & Watkins for Axian Telecom and White & Case for 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,” said the company. “It enables us to accelerate our mission of delivering inclusive digital transformation and connectivity across Africa.”
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