The funds are secured...
Update from JUly 7 announcement by Liquid Telecom:
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The group raised $550 million in the international debt capital markets in its debut bond, in addition to a $150 million term loan. The successful pricing of the bond, which launched on June 21, is a significant milestone for both the group and the wider African telecoms sector, which remains one of the least penetrated fixed and mobile internet connectivity markets in the world.
Commenting on the offering, Nic Rudnick, Liquid Telecom's Group CEO said: "We are pleased with the strong support and interest Liquid Telecom has received internationally. We launched into a challenging market, and have attracted investors of high quality – many of whom are investing in African high yield bonds for the first time. This is a significant achievement for an African tech company."
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