Bharti Airtel Ltd.

Bharti Airtel, a leading global telecommunications company with operations in 20 countries across Asia and Africa, has successfully priced an issuance of $1 billion 4.375% Senior Notes due 2025. The Notes are expected to carry a final rating of Investment Grade from Moody’s, Standard & Poor and Fitch.

With 66% bonds allocated to the US investors, this is the highest ever allocation to US investors in any Indian deal, demonstrating the strong investor base Bharti has created for itself in developed markets allowing it to efficiently raise capital from world’s leading fixed income investors.

The USD Notes have been priced at 210 basis points over 10 year USD Treasury with a fixed coupon of 4.375% per annum to yield 4.462%.  Bank of America-Merrill Lynch, Barclays, BNP Paribas, Deutsche Bank, HSBC and Standard Chartered Bank acted as Joint Lead Managers along with DBS Bank Limited as the Co-Manager for this offering.

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.