Rediff.com » Business
Bharti Airtel to meet investors for $1-bn bond sale
Source: PTI February 22, 2013 15:36 IST
Telecom major Bharti Airtel is likely to meet global investors early next week for its proposed billion-dollar bond sale, sources said.
"The company will meet investors early next week, possibly on Monday, for a benchmark bond sale that is expected to raise $1 billion", sources said.
They said the company's plan to raise $1 billion was already shared by Bharti Enterprises Group Chief Financial Officer Sarvjit Dhillon on February 1.
Standard
Chartered, Barclays, Citibank, Deutsche Bank are among investment banks that are involved in the process of facilitating investor meets in Asia, Europe and the United States.
A benchmark bond is one that provides a standard against which the performance of other bonds can be measured.
Source:
PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Recommended by Rediff.com
Citibank brings in paperless payment system for cardholders
PIX: Stars attend Poonam Dhillon's 50th birthday bash!
Bank operations hit as strike enter day 2
Bharti Airtel to buyout its JV with Alcatel Lucent
Harmeet Dhillon to run from California district 11
© 2024 Rediff.com