The Nigeria 2023 Term Loan is denominated in Naira and is governed by English law. As of March 31, 2023, there are no amounts drawn and outstanding under the Nigeria 2023 RCF. IHS Towers will host a conference call on May 23, 2023 at 8:30am ET to review its financial and operating results. This floating rate is defined by the Nigerian MPR plus a margin of 2.5% and is subject to a cap of 24% and floor of 18%. IHS Netherlands Holdco B.V. The interest rate per annum is equal to 20% in the first year moving to a floating rate for the remainder of the term.

The interest rate applicable on this tranche is CDI plus 2.50% (assuming a 252-day calculation basis). On January 11, 2023, the full remaining principal amount of the Naira tranche of the Nigeria 2019 Facility of NGN 88.3 billion (approximately $191.6 million) (plus accrued interest) was repaid. The interest rate applicable on this tranche is CDI plus 2.45% (assuming a 252-day calculation basis). Furthermore, an exchange rate of N444/$1 was the highest rate recorded during intra-day trading before it settled at N431/$1, while it traded as low as N415/$1 during intra-day trading.

In the same vein, the exchange rate between the naira and the US dollar at the I&E official window depreciated to its lowest level, falling by 0.58% to close at N439.17/$1 on Friday, 7th October 2022, compared to N436.63/$1 recorded on Thursday The primary reason the Forex market exists is to facilitate international trade and investment by giving businesses the ability to convert one currency into another. This because you need to know that you are getting quality services that will transform your loved one.

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