EAIF commits to Liquid Telecommunications bond offering

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG), has committed to buy up to $50,000,000 of a bond issue by Liquid Telecommunications Financing. Proceeds will be used to refinance existing debt as well as corporate purposes. 

The bond, which aims to raise $600 million, is being launched on 22 February. EAIF, acting through its agent Ninety One SA (Pty), along with the IFC and DEG, have committed to place orders to purchase up to an aggregate $178 million in the new note offering.