Airtel Africa unit calls $504.92 million 5 1/8% senior notes due 2023

By Rebecca Melvin

Concord, N.H., Feb. 4 – Airtel Africa plc subsidiary Bharti Airtel International (Netherlands) BV announced it will redeem early all of its $504,915,000 outstanding 5 1/8% guaranteed senior notes due 2023, according to a notice.

The redemption will occur on March 7 at a price including accrued interest plus a premium to be applied in accordance with the terms of the notes.

The company will fund the redemption from group cash reserves.

Based in the United Kingdom, the telecommunications and mobile money services provider serves 14 countries in Africa.

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