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Airtel Hits Global Bond Market, Raises Rs 6,400-Cr To Fund Capex

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India’s largest telecom company Bharti Airtel has raised $1 billion, or around Rs 6,400 crore, by selling bonds to global investors.

 

Those bonds have been priced at 210 basis points over and above the 10-year US Treasury bond yields, which would offer a final rate of 4.37 per cent, two persons associated with the deal told ET. A basis point is 0.01 per cent. Original post at Economic Times

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Wahengbam Rorrkychand

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