Comments
Telecom major Bharti Airtel is likely to meet global investors early next week for its proposed billion-dollar bond sale, sources said.
“The company will meet investors early next week, possibly on Monday, for a benchmark bond sale that is expected to raise $1 billion,” they said.
They said the company’s plan to raise $1 billion was already shared by Bharti Enterprises Group Chief Financial Officer Sarvjit Dhillon on February 1.
Standard Chartered, Barclays, Citibank, Deutsche Bank are among the investment banks that are involved in the process of facilitating investor meets in Asia, Europe and the United States.
A benchmark bond is one that provides a standard against which the performance of other bonds can be measured.
Shares of Bharti Airtel ended at Rs 309.80, up 4.64 per cent on the BSE today.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.