The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), acted as an anchor investor in a bond issued by HTA Group Ltd (HTA), a whole owned subsidiary of Helios Towers plc. EAIF has invested $30 million in the UK listed bond, which has a 5.5 year term and a coupon of 7%.

Helios Towers operates over 7,000 telecommunications towers, mainly in Tanzania, the Democratic Republic of Congo, Congo Brazzaville and Ghana and has recent...