Bharti Telecom, the holding company of Bharti Airtel, on Monday raised ₹11,150 crore in six tranches, with coupon rates ranging from 8.25-8.90 per cent and tenors from 3-10 years.
According to the term sheet, the company secured ₹2,000 crore at 8.65 per cent, with a tenor of three years; ₹1,650 crore at 8.75 per cent, with a tenor of four years; ₹2,500 crore at 8.75 per cent, with a tenor of five years; ₹1,500 crore at 8.90 per cent, with a tenor of seven years; ₹1,500 crore at 8.90 per cent, with a tenor of 10 years; and ₹2,000 crore at 8.25 per cent, with a tenor of three years and 10 days.
Of the ₹11,150 crore issuance, ₹3,345 crore was subscribed by anchor investors, and ₹7,805 crore was the non-anchor portion.
Barclays and Standard Chartered Bank were the arrangers for the bond issue.
Bharti Telecom will use the proceeds for investing and paying transaction-related costs in connection with such investments.
Bu hikaye Business Standard dergisinin November 05, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin November 05, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Reciprocal tariffs' may complicate US duty rate structure
The immediate reaction to the Trump-Modi meet in Washington is one of relief that any proposals for imposition of India-specific tariffs by the United States are on hold for the moment.
Deposit insurance offers silver lining
Customers pin hopes on 5 lakh insurance payout as RBI freezes withdrawals
TAKEOVER TANGLE
The eventful battle for Religare tests Sebi's Takeover Code
Punjabi speakers lead Indian asylum claims at US border
Study attributes the surge in Indian asylum seekers in the US to better opportunities overseas, pointing out that stricter policies may strain ties between two countries. ARCHIS MOHAN analyses
Foreign firms' tax burden hits record low in India
Corporation tax cuts, GST reforms, compliance measures behind decline in tax outgo
Women, welfare, rural schemes: Budget sets tone for Bengal polls
While Mamata Banerjee's party has started laying the groundwork to secure a fourth consecutive term in 2026, the BJP hopes to ride on its recent electoral successes. ISHITA AYAN DUTT writes
Dubious history of the presidential pardon
When it comes to pardons, presidents are kings,\" the legal journalist Jeffrey Toobin writes in his new book, The Pardon: The Politics of Presidential Mercy.
GenAI to Become Immersive Across Our Businesses
US investment bank Goldman Sachs was an early mover in India's technology ecosystem, setting up an office in Bengaluru in 2004 for IT and back-office support. In two decades, its operations have grown to cover a wide range of banking functions. GUNJAN SAMTANI, co-chairman of Goldman Sachs, India, and country head of Goldman Sachs Services India, spoke with Avik Das in Bengaluru about Indian engineers and Generative AI (GenAI) in banking. Edited excerpts:
One small step for AI, one giant leap likely for India's footwear market
Reebok co-founder in talks with factories in India to manufacture curated footwear
AI Triggering Shift in HR Depts of Firms
Artificial Intelligence (AI), while reshaping workplaces and redefining efficiency, is also changing the organisations' human resources departments. From recruitment to lead generation and real-time performance audits, companies are fast-tracking AI adoption to streamline core human resource functions.
