Bharti Airtel’s subsidiary -- Bharti Airtel International (Netherlands) B.V. has cleared dues worth $450 million (Rs 3,565 crore) by purchasing notes through a tender offer. The company had issued a tender offer to purchase $300 million worth of its 5.35 per cent guaranteed senior notes of $1 billion due 2024. The offer commenced on June 21 and will expire on July 19, 2022. Later it raised a tender offer to buy back up to $450 million. $450,000,000 in aggregate principal amount of Notes (representing 45 per cent of the total principal amount outstanding of the Notes) were cancelled on July 7, 2022. The aggregate principal amount of Notes that remain outstanding as of July 7, 2022, is $550,000,000.
The company's move to enhance the tender offer follows tendering of debt notes worth over $488 million by the bondholders. The company has come up with a tender offer to optimise its balance sheet and reduce debt.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1769.70 |
| Vodafone Idea | 11.79 |
| Indus Towers | 407.30 |
| Tata Communications | 1554.40 |
| Bharti Hexacom Ltd. | 1467.00 |
| View more.. | |
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