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.