Ihs, Led By U.s.-nigerian Telecom Tycoon Sam Darwish, Secures 1.6 Billion In Fresh Funding

IHS raises 1.6 billion through dual-currency syndication and bond issuance, strengthening liquidity amid currency volatility and evolving market conditions.

Rand Merchant Bank arranges a 439 million dual-currency facility, helping IHS diversify its funding mix and reinforce investor confidence in telecom infrastructure.

IHSs first bond in three years extends debt maturity to seven years, improving financial flexibility despite FX pressures in Nigeria.

IHS Holding Limited, the telecom infrastructure giant led by U.S.-Nigerian tycoon Sam Darwish, has secured 1.6 billion in fresh financing, reinforcing its financial position as it navigates currency volatility and evolving market conditions.

Rand Merchant Bank RMB played a key role in structuring two major transactionsa 439 million dual-currency syndication and a 1.2 billion bond issuancedemonstrating strong investor confidence in IHSs future.

RMB acted as the sole Initial Mandated Lead Arranger, Bookrunner, and Coordinator for IHSs 439 million five-year bullet facility. The deal, structured in both South African rand ZAR and U.S. dollars USD, helped IHS diversify its funding mix while strengthening its balance sheet.

Despite ongoing challenges in global and emerging markets, we successfully executed this transaction, aligning with IHSs funding strategy and demonstrating our expertise in telecom infrastructure, said Miranda Abraham, Head of Loan Syndications at RMB. This deal expands IHSs funding options and reinforces investor confidence in the sector.

In a separate deal, RMB served as Joint Global Coordinator, Bookrunner, and Dealer Manager for IHSs 1.2 billion Rule 144A/Regulation S bond issuance. The companys first bond issuance in three years, the move refinanced debt maturing in 2026 and 2027, extending IHSs debt maturity profile to seven years.