Home » Airtel to raise $1 bn

Airtel to raise $1 bn

Infrastructure Finance
June 1, 2015June 1, 2015
Airtel to raise $1 bn
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Bharti Airtel approached the global debt market to raise up to $1 billion in a 10-year bond sale programme. Bharti´s $1-billion Reg S bond is in the market. The source said the company has given an initial price forecast of 220 basis points (bps) above the US treasury. It has appointed six merchant bankers, which include Bank of America-Merrill Lynch, Barclays, Deutsche Bank, HSBC and Standard Chartered.

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