Bharti Airtel has raised $1.25 billion through issuance of debt instruments. The debt fund raising by the company comes just before the start of spectrum auction valued at Rs 3.92 lakh crore. This is the first ever dual-tranche US dollar bond issued by the company spread across senior and perpetual issuance. This is the largest issuance by any Indian Investment Grade issuer since January 2019. The order book was over-subscribed about 3 times on final pricing with peak order book of $5 billion at time for final price guidance. The company has priced $750 million of senior 10.25 year bonds at a yield of US 10 Year treasury 187.5bps for an implied coupon of 3.25 per cent.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
