Airtel Africa repays USD505 million debt one year early

Tue, 08th Mar 2022 09:30

(Alliance News) - Airtel Africa PLC said on Tuesday it had completed the early repayment of its USD505 million senior notes.

The London-based telecommunications company focused on Africa explained that the notes were originally due in March 2023 and as a result of early repayment the company will save USD26.5 million in future interest payments.

Following the repayment, Airtel Africa now has USD1 billion bonds remaining, due May 2024.

Shares in Airtel Africa were up 2.0% at 130.49 pence on Tuesday morning in London.

By Heather Rydings; heatherrydings@alliancenews.com

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