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Bharti Airtel said that its wholly-owned subsidiary Bharti Airtel International (Netherlands) B.V. has raised $500 million notes in addition to the recently concluded transaction of $1000 million.
The Additional Notes were issued at a premium and priced at 100.625 per cent to yield 5.044 per cent, the company said.
It will be consolidated and form a single series along with the $1,000 million 5.125 per cent Guaranteed Senior Notes due 2023 issued on March 11.
Following the recent inaugural dollar bond transaction on March 4, the bonds of Bharti Airtel had witnessed a strong rally in the secondary market and additional notes were issued to tap the unsatisfied investor demand through a follow-on issuance.
The transaction drew an order book of around $2 billion with participation from 140 high quality investor accounts.
In terms of geographic distribution, 50 per cent of Additional Notes were distributed in the US, 32 per cent in Europe and 18 per cent in Asia.
Barclays, BNP, Citigroup, DB, HSBC, Standard Chartered and UBS acted as joint book runners and lead managers, it said.
>ronendrasingh.s@thehindu.co.in
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