Share the page

Proparco joins Axian Telecom’s new bond issuance to boost digital access in Africa

Proparco and Axian Telecom partnership
Proparco Axian Partnership - DR

Proparco is pleased to announce its participation in the new public bond issuance of Axian Telecom Holding for an amount of USD 25 million. The success of Axian Telecom’s new USD 600 million bond issuance marks a key financial milestone for the pan-African operator. Proparco is part of a pool of anchor investors such as IFC, DEG, BII, and the Emerging Africa and Asia Infrastructure Fund (EAAIF). Anchor investors’ participation in the issuance contributed to mobilize broader interest from private investors in times of high uncertainties in the emerging bond market.

Axian Telecom is a leading pan-African telecom and digital services provider, operating in over 8 countries and serving tens of millions of people, including in French overseas territories Mayotte and La Reunion. The proceeds of this bond will support the group’s continued investments in expanding connectivity and digital services across underserved regions of the continent. 

This transaction is Proparco’s third participation in a row in a public bond issuance in the Technology, Media and Telecomminications (TMT) sector. Despite a challenging macro environment, Axian Telecom’s bonds were oversubscribed three times the transaction size, sending a clear market signal for other high-yield bond issuers in emerging countries. Proparco will also support Axian Telecom climate adaptation strategy through tailor-made technical assistance, aiming at supporting Axian’s ambitious corporate sustainability strategy and building a long-term partnership.