TIDMAAF

RNS Number : 6666A

Airtel Africa PLC

04 February 2022

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                             +44 7446 858 280 
  Morten Singleton                          +44 7464 830 011 
  Investor.relations@africa.airtel.com      +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

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(END) Dow Jones Newswires

February 04, 2022 01:59 ET (06:59 GMT)

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