Bharti Airtel raises $750mn through allotment of Notes; stock slips 1%

The notes bear a coupon rate of 3.25% and are due in the year 2031.

Mar 04, 2021 03:03 IST India Infoline News Service

Bharti-Airtel1
Bharti Airtel Limited has raised $750mn on Wednesday through allotment of unsecured senior fixed-rate notes to eligible investors. The notes bear a coupon rate of 3.25% and are due to the year 2031. The notes shall be listed on the Singapore Exchange Securities Trading.

The company further said in a regulatory filing on Wednesday that the allotment of $500mn, 3.975%. Subordinated Perpetual Securities has also been completed by Network i2i Limited, a Mauritius based wholly owned subsidiary of the Company. The Perpetual Securities shall be listed on the Singapore Exchange Securities Trading Limited.

Towards close of trade on Thursday, Bharti Airtel Ltd was trading at Rs540 per piece down by Rs6.25 or 1.14% from its previous closing of Rs546.25 per piece on the BSE.

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