PRESS: African Local Currency Bond Fund nominated for Deal of the Year (Debt)

It is with great pleasure that we announce that The African Local Currency Bond Fund has been nominated for the prestigious African Banker Awards 2021 in the following category: Deal of the Year Debt The African Local Currency Bond Fund Investment in Sonatel Local Currency Bond Issuance, the largest-ever corporate bond issuance in the UEMOA region.

Sonatel Senegal is a West African telecomms company with operations in Senegal, Mali, Guinea Bissau, Guinea-Conakry and Sierra Leone with over 32.7 million clients. Proceeds will be used to improve telecomms infrastructure, including the expansion of 4G and 3G data network coverage in urban and rural areas and enhancements to its Orange mobile money business. The ALCB Fund has played a catalytic role in this transaction by helping to crowd in additional anchor investors and ensuring the full subscription of the issuance.

Written by
Brock Hoback
Published on