Last checked at 4 Feb 2022 07:00
Airtel Africa plc
('Airtel Africa', or the 'Group')
Redemption of outstanding Senior Notes
London and Lagos, 4 February 2022: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its 100% owned subsidiary, Bharti Airtel International (Netherlands) B.V., has elected to redeem all of its 5.125% Guaranteed Senior Notes due 2023 ('Notes'), aggregating to US$504,915,000, on 7 March 2022 ('Redemption Date'), ahead of its maturity in March 2023.
In addition to the outstanding principal, the redemption price will include settlement of all outstanding accrued interest up to the Redemption Date, plus the applicable premium in accordance with the terms of the Notes.
This early redemption will be made out of Group cash reserves and aligns with the continuation of our pursuit of a reduction of external foreign currency debt at Group level.
-ENDS-
Enquiries
Airtel Africa - Investor Relations Pier Falcione Morten Singleton Investor.relations@africa.airtel.com |
+44 7446 858 280 +44 7464 830 011 +44 207 493 9315 |
Hudson Sandler Nick Lyon Bertie Berger airtelafrica@hudsonsandler.com |
+44 207 796 4133 |
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.
www.airtel.africa