Bharti Telecom plans to raise ₹8.5K cr via bond sale

Bharti Telecom, owned by billionaire Sunil Bharti Mittal, is planning to raise about ₹8,500 crore in the rupee bond market, according to people familiar with the matter.

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The company may seek bids for the notes due in three to 10 years next week, with the longer-end bonds likely offering a coupon of 9 per cent, they said, asking not to be named as the information is not public. If successful, it will be Bharti Telecom's largest-ever rupee issuance, according to data compiled by Bloomberg.