Bharti Airtel may issue bonds of up to $1 bn in FY13

Bharti Airtel Ltd, India's top mobile network operator, hopes to issue dollar bonds of up to $1 billion in the current fiscal that ends in March, 2013, Sarvjit Dhillon, Group CFO at Bharti Enterprises, said on Friday.

Bharti Enterprises is the parent of Bharti Airtel which on Friday reported a fall in net profit for the twelfth consecutive quarter, missing estimates by a wide margin.

Bharti Airtel, controlled by billionaire Sunil Mittal, said consolidated net profit fell to Rs 284 crore in the fiscal third quarter that ended December 31, from Rs 1,011 crore a year earlier.