EAIF set to acquire Ksh. 5.4 billion Liquid Telcom bond issue
Shares
The New Note Offering aims to raise Ksh. 65.9 billion (USD 600 million), which will be used to refinance existing debt for corporate purposes. The issuer will be Liquid Telecommunications Financing, a wholly-owned subsidiary of Liquid Telecommunications Holdings.
EAIF, acting through its agent, Ninety One SA, along with The International Finance Corporation (IFC) and DEG-Deutsche (DEG), will purchase up to an aggregate Ksh. 19.5 billion (USD 178 million) in
the New Note Offering.
Liquid Telecommunications has built a large independent fibre network of over 73,000km in Africa. The company serves telco and digital industry customers and commercial, public sector and domestic users with a broad range of connectivity. The company also serves hosting and cloud based products, including Microsoft 365 and Microsoft Azure.
Liquid Telecommunications bond offering financed by Emerging Africa Infrastructure Fund it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
About EAIF:
The Emerging Africa Infrastructure Fund (www.EAIF.com) provides a variety of debt products to infrastructure projects promoted mainly by private sector businesses in Africa and parts of the Levant. The Fund helps create the infrastructure framework that is essential to sustained economic stability, business confidence, job creation and poverty reduction. It has to date supported 75 completed infrastructure projects across nine sectors in over 20 African countries. As of the end of 2018 the Fund had invested US$20.082 billion. EAIF is part of PIDG. EAIF was established and substantially funded by the governments of the United Kingdom, The Netherlands, Switzerland, and Sweden. It raises its debt capital from public and private sources, including Allianz, the global insurance and financial services company; Standard Chartered Bank; the African Development Bank; the German development finance institution, KFW,and FMO, the Dutch development bank. EAIF is managed b