Bharti Airtel raises about $2 bn in dual currency bond sale
Bharti Airtel raised around $2 billion in a dual currency international bond sale to refinance its debt, the company said here Monday.
“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 company said.