Airtel Africa raises tender for buy back of up to $450 million senior notes

Airtel Africa has raised tender offer to buy back up to $450 million (about Rs 35.5 billion) of senior notes. The tender has been raised by Bharti Airtel International (Netherlands) BV, which manages Airtel’s Africa business. The company had issued a tender offer to purchase $300 million worth of its 5.35 per cent guaranteed senior notes of $1 billion due in 2024. The offer commenced from June 21, 2022 and will expire on July 19, 2022.