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Singtel associate Bharti Airtel raises US$3b in bonds, shares

Fiona Lam

Fiona Lam

Published Wed, Jan 15, 2020 · 09:50 PM
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Singapore

SINGTEL'S Indian associate telco Bharti Airtel on Wednesday raised US$1 billion in foreign-currency convertible bonds (FCCB) and an additional US$2 billion through a share placement under a mega fundraising exercise.

To be listed on the Singapore Exchange, the 1.5 per cent bonds due 2025 are rated BBB-/RWN by Fitch Ratings.

The new bonds can be converted into fully p…

KEYWORDS IN THIS ARTICLE

Bharti Airtel
Bonds
private placement

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