Mainbridge Announces US$800 Million Fixed Term Bond Issue Focused on Africa

by MMC
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LONDON, July 6, 2023 /PRNewswire/ — Mainbridge today announced the issuance of a USD 800 million dollars Africa related bond offering, through Mainbridge Percentile Limited, listed on the Frankfurt Stock Exchange and structured to attract long-term investors seeking access to African growth.

Mainbridge is a Africa-focused investment company that invests in asset classes that will form the backbone of the African economy in the years to come. Proceeds from the bond issue will be focused on companies and projects supporting physical and socio-economic infrastructure in the renewable energy, agriculture, ports and logistics, energy and technology sectors. .

  • The bond (ISIN: GB00BLCXWN03) has a tenor of 10 years and is structured to support Mainbridge LP’s commitment to an upcoming African Infrastructure Fund.
  • The bond issue is one of a handful of offerings listed on established European exchanges and focused exclusively on Africa and gives savvy investors access to a diversified and liquid product-focused investment portfolio across the continent.
  • Mainbridge will prioritize projects that integrate socio-economic and environmental sustainability.

Investment themes:

Africa continues to be one of the fastest growing regions in the world, both in terms of GDP and population growth. According to the ADB, the prospects for Africa remains positive and stable, with an expected rebound to 4% in 2023 and further consolidation to 4.3% in 2024. AfDB projections show that 19 African countries will experience growth rates above 5% in 2023, and a a number expected to reach 22% in 2023. 2024. Economic growth is driving one of the highest rates of urbanization in the world and supporting an increasingly vibrant middle class.

Investment in infrastructure is the cornerstone of realizing the economic potential of the Africa and its inhabitants. Improvements to political risk management and corporate governance provide the framework for increased participation by a growing and experienced private sector, which Mainbridge aims to spearhead.

To achieve this, Mainbridge continues to develop its continent-wide local network ecosystem that provides timely, proprietary intelligence from which it creates important insights. This information is then used to create a tailored framework for managing, executing and delivering investments.

Mainbridge is led by an experienced and internationally recognized management team with African footprints and, as a company, it subscribes to sound corporate governance which includes transparency and accountability.

Bola Adefehinti, CEO of Mainbridge, added:

“The listing of the bonds is a historic moment and represents a key part of the building blocks of Mainbridge’s core value proposition of unlocking hidden value across the African continent. Unlocking this hidden value is achievable through a combination of targeted use of capital and investment opportunities within a framework that benefits beyond traditional shareholders to broader stakeholders across Africa“.

Final documentation relating to this bond issue will be available on the Mainbridge website.



Edward Staite

SOURCE Mainbridge Group

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