Business

Airtel plans to list Rs 5k cr bond issue on London Exchange

New delhi,November 13: Bharti airtel on Friday said it intends to issue Sterling Bond of up to GBP 500 million (around Rs 5,000 crore), which will be listed on the London Stock Exchange. 

Airtel said the amount will be used for refinancing its existing loan portfolio. The country's top telecom operator said the issue and its timing remains subject to necessary authorisations and approvals, global credit environment and market conditions. 

Airtel in a regulatory filing said that it "...intends to issue its maiden Sterling Bond of up to GBP 500 million. This bond, when issued will be listed on London Stock Exchange." 

The filing further said Bharti is a leading corporate bond issuer from India and has issuances across maturities in USD, EUR and CHF listed on the Singapore, Frankfurt and Swiss Stock exchanges. These bond issuances have helped Bharti diversify its investor base, currency exposure and extend debt portfolio. 


"This debut GBP issue will be used for refinancing our existing debt portfolio. Besides utilizing the capital and expertise of the United Kingdom in financing Indian telecom growth story, the issue will further strengthen long-term partnership between two nations," Bharti Airtel Group Treasurer Harjeet Kohli said.

Gurugram the fastest growing retail market of NCR: Innovest

New Delhi : Gurugram has grown tremendously in terms of Infrastructure and real estate, the millennium city has been able to draw investments from glo...

Dellywood announces Mr, Miss and Mrs India 2018

New Delhi : Dellywood organized the Grand Finale of Mr, Miss and Mrs India 2018 at Crowne Plaza Rohini, New Delhi. Varun Soni from Mount Abu Rajasthan...

Expectations Of Positive Q1 Results, Lower GST Rates Buoy Equity Indices

Mumbai: Expectations of positive quarterly results along with lower goods and services tax rate on items of mass consumption pushed the key indices of...

Skill India's first batch of Indo-Japan technical interns reaches Japan

New Delhi : A grand welcome event and felicitation ceremony was held today at the India Consulate General, Osaka in Japan for the first batch of Skill...