 "Airtel raises $750 mn via allotment of unsecured senior fixed rate notes")
Don't want to miss the best from Business Standard?
Telecom company Bharti Airtel on Wednesday said it has raised USD 750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors.
The notes will be listed on the Singapore Exchange Securities Trading Limited, Bharti Airtel said in a statement.
"...we wish to inform you that upon the approval of the Special Committee of Directors for debt fund raising, the company has raised USD 750,000,000 on March 03, 2021 through allotment of Unsecured Senior Fixed Rate Notes...due 2031 to the eligible investors...," Airtel said in a regulatory filing.
Also, the allotment of USD 500 million subordinated perpetual securities has been completed by Network i2i Limited, a Mauritius-based wholly-owned subsidiary of the company.
"The perpetual securities shall be listed on the Singapore Exchange Securities Trading Limited," it added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app