Bharti Telecom plans to tap bond market to raise Rs 7,000 crore

India's Bharti Telecom is planning to tap the bond market after a year's gap, with the company looking to raise as much as 70 billion Indian rupees ($858.32 million) through shorter-tenor bonds, according to a term sheet seen by Reuters on Thursday.

The telecom operator, which holds a stake in Bharti Airtel, plans to raise funds in three tranches and has invited bids from investors on Friday, three merchant bankers also confirmed.

"There is a fear of corporate bond yields rising further as the market expects the spread between corporate bonds and government bonds to start widening now," said Venkatakrishnan Srinivasan, founder