Bharti Telecom Plans to Raise Rs 8,500 Crore via Bond Market: Report

If successful, this would mark Bharti Telecom’s largest rupee bond issuance to date, the report said.

Highlights

  • Proposed bonds to mature in three to ten years with a 9 percent coupon rate.
  • This would be Bharti Telecom's largest rupee bond issuance to date.
  • Standard Chartered and Barclays are managing the bond issuance.

Follow Us

Bharti Telecom Plans to Raise Rs 8,500 Crore via Bond Market: Report
Bharti Telecom, owned by Sunil Bharti Mittal, is reportedly planning to raise around Rs 8,500 crore (USD 1.01 billion) in the local-currency bond market. The company The company may seek bids for the notes maturing in three to ten years next week, with the longer-term bonds expected to offer a coupon of 9 percent, Bloomberg reported, citing people familiar with the matter.

Also Read: Airtel Urges Additional Tariff Revisions to Sustain Investments




Details on the Bond Issuance

This fundraising initiative comes shortly after Bharti Airtel Limited, India's second-largest wireless carrier, of which Bharti Telecom is the largest shareholder, reported a quarterly profit that fell short of analysts' expectations due to foreign exchange losses.

If successful, this would mark Bharti Telecom’s largest rupee bond issuance to date. As a holding company, Bharti Telecom might need to provide a higher coupon rate compared to similarly rated firms, the report added.

Also Read: Bharti Airtel Gets CCI Approval to Raise Indus Tower Stake Over 50 Percent

Onshore debt sale

Reportedly, Standard Chartered and Barclays are managing the issuance, though both banks have not publicly commented on the deal. This will be Bharti Telecom's first onshore debt sale in 2024, following a previous raise of Rs 80 billion through three-part notes in December 2023.

Recent Comments

Dipankar :

Kindly give me airtel airfiber login IP. 192.168.1.1 is not working. Kolkata circle.

Airtel to Migrate to Standalone 5G FWA by December

Shivraj Roy :

Bro fwa doesn’t connect when mode is set to 5G SA

Airtel to Migrate to Standalone 5G FWA by December

TheAndroidFreak :

Might be 700Mhz LTE. It has reach till 5kms range.

Airtel Urges Additional Tariff Revisions to Sustain Investments

TheAndroidFreak :

It will eventually happen. Revenues for Jio and Airtel come down drastically in next fifteen months. Mark my words. By…

Airtel Urges Additional Tariff Revisions to Sustain Investments

TheAndroidFreak :

DoT has not awarded BSNL 10Mhz in Band 1 everywhere. The test spectrum in band 1 is 5Mhz which will…

Airtel Urges Additional Tariff Revisions to Sustain Investments

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments