Borrowings (Tables)

3 Months Ended

Mar. 31, 2023

Borrowings.

Schedule of external debt classification

	March 31,	December 31,
	2023	2022
	$’000	$’000
Non‑current
Senior Notes	1,921,386	1,920,783
Bank borrowings	1,183,015	985,505
External debt	3,104,401	2,906,288
Current
Senior Notes	22,872	27,060
Bank borrowings	99,588	213,576
Letters of credit	229,122	197,478
External debt	351,582	438,114
Total borrowings	3,455,983	3,344,402

Schedule of debt by debt instrument

							March 31,	December 31,
	Currency	Maturity date		Interest rate			2023	2022
							$’000	$’000
Senior notes
IHS Holding Limited	US Dollar		2026		5.63	%	505,053	497,861
IHS Holding Limited	US Dollar		2028		6.25	%	505,844	497,979
IHS Netherlands Holdco B.V.	US Dollar		2027		8.00	%	933,361	952,003
Bank borrowings
IHS Holding Term Loan	US Dollar		2025		3.75	% + CAS + 3M SOFR	369,199	368,630
IHS (Nigeria) Limited	Nigerian Naira		2023		12.50	-18.00%	—	57,448
INT Towers Ltd	Nigerian Naira		2024		2.50	% + 3M NIBOR	—	191,188
INT Towers Ltd	Nigerian Naira		2028		20.00	%	306,691	—
IHS Côte d'Ivoire Ltd	CFA Franc		2024		5.00	%	16,139	18,854
IHS Côte d'Ivoire Ltd	Euro		2024		3.00	% + 3M EURIBOR	12,093	14,217
IHS Zambia Ltd	US Dollar		2027		5.00	% + 3M LIBOR	95,090	94,596
IHS Brasil - Cessão de Infraestruturas S.A.	Brazilian Real		2029		3.65	% + CDI	67,503	68,591
IHS Brasil - Cessão de Infraestruturas S.A.	Brazilian Real		2028		3.05	% + CDI	81,444	82,928
I-Systems Soluções de Infraestrutura S.A.	Brazilian Real		2030		2.45	- 2.50% + CDI	79,419	38,542
IHS Kuwait Limited	Kuwait Dinar		2029		2.00	% + 3M KIBOR	66,394	66,251
IHS Towers South Africa Proprietary Limited	South African Rand		2029		2.75	% + 3M JIBAR	188,629	197,836
Letters of credit
IHS (Nigeria) Limited	US Dollar		2023		8.95	- 12.05%	89,981	66,047
INT Towers Ltd	US Dollar		2023		10.70	- 12.00%	136,998	128,063
ITNG Limited	US Dollar		2023		12.05	%	1,015	987
Global Independent Connect Limited	US Dollar		2023		12.05	%	75	1,330
Global Independent Connect Limited	Chinese Yuan		2023		8.97	%	1,055	1,051
							3,455,983	3,344,402