Bharti Airtel to Issue US Dollar Bonds

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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 492.30BSE Quote2.4 (0.49%)
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"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.

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