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Explore Now Kolkata: Marquee investors and bond funds including Pacific Investment Management (Pimco), Goldman Sachs Asset Management, Fidelity, BlackRock, TIAA, Loomis Sayles, Nan Shan Life, Ashmore Investment and Amundi Asset Management are believed to have participated in Bharti Airtel’s $1.25-billion overseas fundraise through a mix of senior and perpetual bonds. “Proceeds will be used for capex, repayment of existing indebtedness, and/or any other purpose in compliance with end-use guidelines set forth in FEMA ECB regulations and all other applicable laws and regulations,” Airtel said in an exchange filing on Thursday. The Sunil Mittal-led telco said it priced $750 million worth of senior 10.25-year bonds at a yield of 187.5 basis points for an implied coupon of 3.250%. Network i2i, Airtel’s wholly owned Mauritius arm, in turn, priced $500 million of guaranteed subordinated perpetual 5.25-year bonds at a coupon of 3.975%. ....
Read more about Bharti Airtel raises $1.25 bn through issue of dual tranche $ bond offering on Business Standard. Airtel has priced $750 million of senior 10.25-year bonds at a yield after adding 187.5 basis points (bps) over the US Treasury, for an implied coupon of 3.25 per cent ....
Read more about Bharti Airtel gains on raising $1.25 bln via overseas bonds on Business Standard. Bharti Airtel rose 1.68% to Rs 582.70 after the company said it raised $1.25 billion by issuing first ever dual-tranche US$ bond offering spread across senior and perpetual issuance. ....
Bharti Airtel raises $1.25 billion via overseas bonds The telecom operator has priced $750 million worth of senior 10.25-year bonds at a yield of 187.5 basis points for an implied coupon of 3.250%. (Photo: Reuters) 1 min read The telco has received orders from 92 accounts for senior bonds, and from 97 accounts for perpetual bonds. The order book is very well distributed by region, with over 30% from Asia Pacific, more than 45% from Europe, the Middle East and Africa and the balance from the US Share Via Read Full Story NEW DELHI: Bharti Airtel Ltd on Thursday said it has raised $1.25 billion overseas through senior and perpetual bonds, making it the largest fundraising by any Indian investment grade issuer since January 2019. ....
February 25, 2021 A man wearing a protective face shield cleans a Bharti Airtel logo inside its store in Kolkata, India (File Photo) - REUTERS/Rupak De Chowdhuri A man wearing a protective face shield cleans a Bharti Airtel logo inside its store in Kolkata, India (File Photo) - REUTERS/Rupak De Chowdhuri× This is the largest issuance by any Indian Investment Grade issuer since January 2019 Bharti Airtel (Airtel) on Thursday said it has successfully priced its debt fund raise of $1.25 billion through the issuance of its first ever dual-tranche dollar bond offering spread across senior and perpetual issuance. This is the largest issuance by any Indian Investment Grade issuer since January 2019. ....