Information  X 
Enter a valid email address

Airtel Africa PLC (AAF)


Tuesday 08 March, 2022

Airtel Africa PLC

Senior Notes Repayment

RNS Number : 9219D
Airtel Africa PLC
08 March 2022


Airtel Africa plc

('Airtel Africa', or the 'Group')


Senior Notes Repayment




London and Lagos, 8 March 2022: Further to the announcement of 4 February 2022, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms that it has completed the early repayment of its c.$505m 5.125% Guaranteed Senior Notes, originally due in March 2023, using cash balances available at Group level.


Settlement includes all outstanding accrued interest up to the Redemption date of 7 March 2022. One-off costs of c.$17.6m for the applicable premium will be recorded within finance costs, while the Group will save an aggregate of c.$26.5m future interest payments from early redemption.


Since the time of the IPO in June 2019, Airtel Africa has successfully pursued a strategy of strengthening its balance sheet through both deleveraging. and reducing US dollar debt exposure. Over this period the Group has reduced its USD HoldCo debt by c.$1.7bn and improved its leverage ratio to 1.4x net debt to underlying EBITDA at December 2021. Following this early repayment of Senior Notes, the Group has $1bn of bonds remaining at HoldCo level, due in May 2024.








Airtel Africa - Investor Relations

Pier Falcione

Morten Singleton

[email protected]


+44 7446 858 280

+44 7464 830 011

+44 207 493 9315



Hudson Sandler

Nick Lyon

Bertie Berger

[email protected]




+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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t