Business

Airtel Africa completes $550 million bond repayment from cash reserves 

Airtel Africa has confirmed that its subsidiary, Bharti Airtel International (Netherlands) B.V., has completed a $550 million bond repayment that was due this month. 


The move is targeted at cutting foreign currency debt. 


Airtel Africa in the company’s notice to the Nigerian Exchange Limited seen by Nairametrics confirmed that its subsidiary has fully repaid the 5.35% Guaranteed Senior Notes maturing on 20 May 2024.