In a bid to boost its coffers in preparation for upcoming spectrum auctions and for potential acquisitions, Bharti Airtel is reportedly planning to mop-up $1 billion by selling bonds mainly to European investors.
Meanwhile, the company has mandated five banks namely JPMorgan, Barclays, UBS Investment Bank, Standard Chartered and BNP Paribas, as joint book runners and lead managers for the bond issue.
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.
