Debt

Debt financing

Bharti Telecom raises Rs.10,500-Cr in twin bond issue

Economic Times  

Bharti Telecom has raised INR 10,500 crore through two bond issues - India’s largest such domestic issue this fiscal. The firm raised an identical INR 5,250 crore through two bonds of a 24-month paper and a 38-month issue.Mutual funds, insurers, and pension funds subscribed, reflecting strong demand. Proceeds will refinance upcoming debt maturities, with coupons priced slightly below initial guidance.