Telecom major, Bharti Airtel is all set to meet global investors early next week for its proposed billion-dollar bond sale that is expected to raise $1 billion. A benchmark bond is one that provides a standard against which the performance of other bonds can be measured.
Standard Chartered, Barclays, Citibank, Deutsche Bank are among investment banks that are involved in the process of facilitating investor meets in Asia, Europe and the United States.
Recently, global rating agency, Fitch assigned investment grade rating, with negative outlook, to the company’s proposed billion-dollar bond sale that is in line with the company’s long term rating.
