Bharti Airtel raises $1.25 billion through various debt instruments

The company said the order book was oversubscribed 3x on final pricing, with the peak order book of $5 billion at the time for final price guidance

Bharti Airtel on Thursday said it has raised funds to the tune of $1.25 billion via various debt instruments.
 
It is learnt that a clutch of global investors, including Goldman Sachs Asset Management, Fidelity, and BlackRock, have evinced an interest in the company’s overseas bonds.
 
The fund-raising is part of the company’s preparation for the upcoming spectrum auctions, where the exchequer hopes to raise Rs 3.92 trillion.
 
Airtel said this is the first-ever dual-tranche US dollar bond issued by the company, spread across senior and perpetual issuances. “This is the largest issuance by any Indian investment grade