Bond issue supported by EAIF as anchor investor wins prestigious award from The African Banker Magazine
The Emerging Africa Infrastructure Fund (EAIF) is pleased to congratulate Standard Bank on winning The African Banker Magazine’s” Debt Deal of the Year Award”. Standard Bank led the successful US$600 million Helios Towers Africa (HTA) bond issue. HTA is a leading telecommunications infrastructure and power operator in Africa. Following the bond issue, it is set for expansion.
This prestigious Debt Deal of the Year Award also recognises EAIF’s central role as anchor investor to the issue. EAIF bought bonds to the value of US$40 million. Its participation as anchor investor attracted investment by a large number of private investors in the bond. It is the seventh time EAIF has supported HTA’s growth.
EAIF Chairman, David White, has congratulated the EAIF team at the Fund’s manager, Investec Asset Management.
“The work that EAIF does with Investec Asset Management is of global importance. The Debt Deal of the Year Award celebrates the professionalism of the EAIF team and its role in building a more successful, more affluent and more stable Africa.”