AXIAN Telecom Raises $600 Million in Bond Issuance to Expand Digital Infrastructure

AXIAN Telecom,  a leading pan-African operator in telecommunications, mobile financial services, and digital infrastructure, has successfully priced its US$600m Senior Notes maturing in 2030.

The bond offering, which priced on 25 June 2025, attracted strong interest from global investors. Initial price thoughts were released at 7.875% area, and the notes were ultimately priced with a coupon of 7.250% (and a yield of 7.375%) — a notable result especially amid a challenging global environment. The transaction’s orderbook saw a peak of c.3.0x oversubscription, with robust demand from a diverse range of high quality institutional investors.

Proceeds from the issuance will be allocated toward the refinancing of AXIAN Telecom’s existing notes and term loan, as well as general corporate purposes, including expansion of AXIAN Telecom’s digital infrastructure, thereby reinforcing its commitment to sustainable growth and digital inclusion across its markets. As part of the issuance, Axian Telecom included a Sustainable Development Impact Disclosure, communicating its intentions to invest in infrastructure, promote smartphone accessibility and access to mobile financial services, and bring about greater digital connectivity across its operations in Africa.

This transaction underscores the growing confidence in African issuers and highlights AXIAN Telecom’s role in driving innovation and connectivity across the continent.

The deal was led by J.P. Morgan, Standard Bank, and Standard Chartered Bank, with legal counsel provided by Latham & Watkins (acting for AXIAN Telecom) and White & Case (acting 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. It enables us to accelerate our mission of delivering inclusive digital transformation and connectivity across Africa.”

 — Hassan Jaber, CEO, AXIAN Telecom