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Bharti Airtel marketing 10 years US dollar benchmark bonds: Report

03 Jun 2015 Evaluate

Bharti Airtel is reportedly marketing for an offering of 10-year US dollar benchmark bonds to yield around 220bp over US Treasuries. The notes are expected to be rated ‘Baa3/BBB-/BBB-’. Bank of America Merrill Lynch, Barclays, BNP Paribas, Deutsche Bank, HSBC and Standard Chartered are joint book-runners.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Peers
Company Name CMP
Bharti Airtel 1830.00
Vodafone Idea 13.84
Indus Towers 377.50
Tata Communications 1732.70
Railtel Corp. India 260.40
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