IHS Announces Settlement of $800m Bond

IHS Netherlands Holdco B.V., which owns 100% of IHS Nigeria Limited (“IHS Nigeria”) the Nigerian subsidiary of IHS Holding Limited (“IHS”), the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has announced the settlement of an US$800 million high-yield corporate bond issue.

The bond, according to the Company, is listed on the Irish Stock Exchange. Speaking on the bond, Issam Darwish, executive vice chairman and group CEO of IHS, said, “We are delighted to have completed the largest high yield corporate bond ever issued out of Africa. This is a major milestone for us, refinancing IHS Nigeria and IHS Towers NG Limited’s (formerly known as Helios Towers Nigeria Limited) existing debt and underwriting the build programme of new towers. The quality investor demand is a testament to IHS’s strong business fundamentals.”

The bond incorporates the tender of the outstanding 8.375% US$250m bond at IHS Towers Netherlands FinCo NG B.V. (formerly known as Helios Towers Finance Netherlands B.V.) which was acquired through the Helios Towers Nigeria Limited acquisition that completed on 10 June 2016.

Transactions such as these have allowed IHS to create significant local technical and engineering employment opportunities throughout Africa. Over 95% of IHS’s employees are African and IHS employs close to 40,000 people directly and indirectly through its subcontractors.

IHS is the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East.

Founded in 2001, IHS provides services across the full tower value chain – colocation on owned towers, deployment and managed services. Today IHS owns over 23,300 towers in Nigeria, Cameroon, Côte d’Ivoire, Zambia and Rwanda