Helios Towers Africa $600 million 9.125% bond issue

Overview:

• Helios Towers Africa (HTA) has undertaken its debut corporate bond.
• The 9.125% bond, due 2022, is listed on the Irish Stock Exchange.
• Bank of America Merrill Lynch and Standard Bank acted as initial purchasers, coordinators and bookrunners. Standard Chartered acted as initial purchasers and lead arranger.
• The funds raised will allow the company to invest in new towers infrastructure and fund the acquisition of of the remaining shares in the group's operating companies.
• Helios Towers Africa is an independent telecoms tower operator with 6,500 towers across Democratic Republic of the Congo, Congo-Brazzaville, Ghana and Tanzania.

Sam Duke - Editor