June 13, 2025 06:29 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Day after Ahmedabad crash, Delhi-bound Air India flight makes emergency landing in Thailand over bomb threat | Narendra Modi visits Air India flight crash site in Ahmedabad | British gay couple posted 'Goodbye India' video before boarding doomed Air India flight | Doctor couple's final selfie with 3 children on ill-fated Air India flight goes viral | After over a billion passengers flown, Air India crash ends Boeing 787 Dreamliner’s fatality-free run | Air India flight with 242 on board crashes moments after takeoff in Ahmedabad, all dead except one | Ex-Gujarat CM Vijay Rupani among 242 killed in Air India crash near Ahmedabad | Telangana engineer, who worked on Kaleshwaram irrigation project, held in disproportionate case | 'If guilty, she must be hanged': Sonam Raghuvanshi's brother on Meghalaya murder | 'Deal with China done': Donald Trump announces agreement on rare earths, student visas

Sunil Mittal's Bharti Telecom to raise Rs 8,500 cr via domestic bond market: Report

| @indiablooms | Oct 31, 2024, at 04:55 am

Mumbai: Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise approximately Rs 8,500 crore (around $1.01 billion) in the domestic bond market, reported Bloomberg.

The company is expected to invite bids for bonds maturing in three to ten years next week, with the longer-dated bonds likely to offer a coupon rate of around 9%.

If this issuance goes ahead, it will mark Bharti Telecom's largest rupee-denominated offering to date, according to Bloomberg data.

This borrowing initiative comes shortly after Bharti Airtel Ltd., in which Bharti Telecom holds a majority stake, announced quarterly profits that fell short of analysts' expectations due to foreign exchange losses.

As a holding company, Bharti Telecom might need to provide a higher coupon rate compared to similarly rated companies, according to insiders.

Standard Chartered Plc and Barclays Plc are coordinating the bond issuance.

This will also be Bharti Telecom's first onshore debt issuance of the year, following a successful raise of 80 billion rupees through three-part notes in December 2023.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm