Bharti Airtel to Issue US Dollar Bonds

By Sneha B K
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    Bharti Airtel on Wednesday said that it has approached investors for issuance of debt instruments in the form of USD denominated Senior Unsecured Notes.

    The notes are expected to be rated 'BBB-' (Fitch)/'BBB-' (S&P)/ 'Baa3' (Moody's), the company said in the BSE filing.

    Bharti Airtel to Issue US Dollar Bonds
    Bharti Airtel: Quotes, News
    BSE 369.70BSE Quote3.85 (-1.04%)
    NSE 370.05NSE Quote3.65 (-0.99%)

    "The proceeds Capital expenditure in compliance with end-use guidelines set forth in the Master Circular by RBI, and all laws and regulations of India applicable to the Company," it said.

    The bonds are expected to be listed in Singapore Stock Exchange and expected tenure is 10 years.

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    Read more about: bharti airtel dollar bonds
    Story first published: Wednesday, June 3, 2015, 12:27 [IST]
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