19 July 2017: IHS Towers (“IHS”), the largest independent tower operator in Africa, Europe and the Middle East by tower count, has recently won EMEA Finance’s award for the Best 2016 Corporate Bond in EMEA during the publication’s annual deals and dealmaker achievement award ceremony held at the Law Society in central London.
IHS won the award for the best corporate bond in EMEA in relation to the five year US$800 million corporate bond issued on 27 October 2016 by IHS Netherlands Holdco B.V., a subsidiary of IHS Holding Limited which owns 100% of IHS Nigeria Limited and IHS Towers NG Limited. The bond issuance was oversubscribed and priced with a coupon of 9.5%.
Christopher Moore, Publisher and CEO of EMEA Finance Magazine, said:
"Last year, IHS Towers, the EMEA region’s largest mobile telecommunications infrastructure provider, had a successful debut transaction on the international capital markets. Over the past five years or so, we have been proud to recognise the Company’s impressive funding activities and market leading acquisitions and transactions on several occasions.
Congratulations to all IHS employees on this achievement - the largest high yield corporate bond ever issued out of Africa - a substantial accomplishment during a time of complex macroeconomic conditions in many parts of the continent.”
Issam Darwish, Executive Vice Chairman and Group CEO of IHS, said:
“The bond is a major milestone for us and the quality investor demand was a testament to our strong business fundamentals. We’re delighted to receive this award and for the team to be recognised for its hard work and dedication to delivering the best value for mobile operators in Africa.”
This is the tenth year that EMEA Finance Magazine has recognised landmark transactions in infrastructure finance. The awards recognise excellence in deal-making, and highlight outstanding deals lead by project sponsors, financiers and professional advisers.