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Bharti Airtel to raise funds via foreign currency bonds

Bharti Airtel today initiated sale of foreign currency bonds, which will be used for repayment and refinancing of existing foreign currency debt, among others. The company said its subsidiary Bharti

  • Published: May 13, 2014 11:41 AM IST
General Images Of Bharti Airtel As 2Q Earnings Are Announced

General Images Of Bharti Airtel As 2Q Earnings Are AnnouncedBharti Airtel today initiated sale of foreign currency bonds, which will be used for repayment and refinancing of existing foreign currency debt, among others. The company said its subsidiary Bharti Airtel International (Netherlands) has approached investors for issuance of debt instruments in the form of USD and Euro denominated senior unsecured guaranteed notes. Also Read - Airtel uses Nokia equipment to successfully conduct first 5G trial in Eastern India

The dollar bonds, with tenure of 10 years, will be listed on Singapore stock exchange whereas Euro bonds will 7 years tenure, will be listed on the open market of the Frankfurt stock exchange. In March this year, the company had raised around Rs 2,453.2 crore through issue of bonds in the Swiss market. In December 2013, the Sunil Mittal-led firm had raised euro 750 million (about Rs 6,350 crore) in the first such bond issue by an corporate and received bids worth euro 3.8 billion. The company then re-opened the issue in January and raised 250 million euros. Also Read - Airtel vs Vi vs Jio: Best prepaid plans with 3GB daily high speed data

  Also Read - 4G spectrum auction: Reliance Jio comes out as highest bidder, Airtel follows

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  • Published Date: May 13, 2014 11:41 AM IST



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