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InfraCredit backs Pan African Towers’s N10bn infrastructure bonds issuance

The oversubscribed issuing sponsored by ten institutional investors will be used to expand the operator’s tower footprint and green its operations.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

February 09, 2022 | 1:43 AM GMT

InfraCredit backs Pan African Towers’s N10bn infrastructure bonds issuance

InfraCredit’s CEO Chinua Azubike. Source: InfraCredit

Nigeria’s infrastructure credit guarantee institution InfraCredit said it will act as the guarantee of PAT Digital Infra Fund SPV PLC’s NGN10 billion (US$24 million) 10-Year Series I Senior Guaranteed Fixed Rate Infrastructure Bonds Due 2032 under the NGN50 billion (US$120 million) Debt Issuance Programme.

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João Marques Lima

Founder and Editor, The Tech Capital

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