Bharti Airtel has reportedly appointed several investment banks, including Bank of America, Barclays, Citigroup, JP Morgan, HSBC, and Standard Chartered Bank, with an aim to raise over $1 billion via overseas bonds.
The bonds sale is expected to be launched soon.
According to industry sources, Airtel will meet global fixed income investors on or after February 23, 2021 to discuss its plans to raise up to $1 billion via bonds. “The company will meet global fixed income investors on or after February 23, 2021 following which and subject to market conditions, it will take a final decision w.r.t. issuance of foreign currency bonds/notes, and a deal may or may not follow,” Airtel said in an exchange filing.