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LONDON - Axian Telecom (BCBA:TECO2m) Holding and Management PLC has completed its $600 million senior unsecured guaranteed notes offering without any market stabilization measures, according to a statement released Thursday by J.P. Morgan Securities plc.
The 5-year notes, callable after 2 years, were priced at 99.485% and will be listed on the International Stock Exchange. The offering was structured as a 144A/Regulation S transaction.
J.P. Morgan Securities plc served as the stabilization coordinator, with Standard Bank and Standard Chartered (LON:STAN) acting as stabilization managers. However, the stabilization manager confirmed that no stabilization activities were undertaken during the offering period.
The notes are guaranteed by multiple Axian Telecom subsidiaries, including Axian Telecom Mauritius, Telecom Malagasy, ToA Madagascar, Honora Holdings, Honora Tanzania, ToA Tanzania, HTMSL, Towerco of Africa, Saga Africa, Silver Links, Stellar-IX Data Centers, Axian Financial Services, Discovery (NASDAQ:WBD) Place, Meta (NASDAQ:META) Market and Axian Support Services.
This follows the pre-stabilization announcement made on June 25, 2025, as noted in the company’s press release statement.
The bond issuance represents a significant capital raising activity for the telecommunications company, though specific details regarding the use of proceeds were not disclosed in the announcement.
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