Bharti Airtel Ltd.

Bharti Airtel’s wholly-owned subsidiary Bharti Airtel International (Netherlands) B.V. (Bharti) has successfully priced a dual currency issuance of Guaranteed Senior Notes comprising of $ 1,000 million 5.350 % Notes due 2024 and Euro 750 million 3.375% Notes due 2021.

The Notes carry an Investment Grade rating from Moody’s, Standard & Poor and Fitch. The Notes will be fully and unconditionally guaranteed by Bharti Airtel. Bharti will apply the net proceeds to refinance its existing debt. This refinancing exercise has significantly lengthened the average maturity profile of Bharti's debt. With this, the company has fully refinanced the original $ 9 billion acquisition facility and also taken care of all near term maturities.

The success of the dual tranche Euro and USD bond offerings demonstrate the demand for quality Investment Grade Indian paper like Bharti Airtel. The Notes received considerable investor interest, witnessing a strong demand across high quality Institutional Investors, Banks and Insurance companies.

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.