Bharti Telecom plans its biggest-ever rupee bonds issuance worth Rs 80 billion

Bharti Telecom is planning to raise bonds worth approximately Rs 80 billion ($961 million) in the local currency bond market. If the deal is executed, it will be Bharti Telecom’s largest-ever rupee issuance. It is also the company’s first in the onshore market in almost a year. It raised Rs 32 billion through three-year notes in December 2022. The NCDs will be issued in three series – Series 1 for Rs 30 billion with a coupon of 8.9 per cent and a tenor of two years; Series 2 for Rs 30 billion with a coupon of 8.95 per cent and a tenor of three years; and Series 3 for Rs 20 billion with a coupon of 9 per cent and a tenor of five years.