EAAIF, IFC and Proparco coanchor investors in oversubscribed $1.2bn IHS Holding bond

Private Infrastructure Development Group (PIDG) company, the Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, acted as a coanchor investor, alongside IFC and Proparco, in IHS Holding’s $1.2-billion issuance to support digital connectivity in Africa. The bond was oversubscribed in excess of $2.3-billion, and upsized to $1.2-billion, enabling increased participation from private investors.