You are here: Home » Companies » News
Business Standard

Airtel raises $750 mn via allotment of unsecured senior fixed rate notes

Telecom company Bharti Airtel on Wednesday said it has raised USD 750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors

Topics
Bharti Airtel | equity fundraising

Press Trust of India  |  New Delhi 

Bharti Airtel

Telecom company 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, 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.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, March 03 2021. 23:59 IST
RECOMMENDED FOR YOU