February 4, 2022/NGX
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, 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.
