India New Issue-Bharti Telecom accepts bids for multiple-tenor bonds, bankers say

Reuters03-11
India New Issue-Bharti Telecom accepts bids for multiple-tenor bonds, bankers say

MUMBAI, March 11 (Reuters) - India's Bharti Telecom has accepted bids worth 45 billion rupees ($489.54 million) for the sale of bonds maturing in two and three years, three bankers said on Wednesday.

It will pay a coupon of 7.75% and 7.85%, respectively, and had invited commitment bids for the issue earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 11:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Bharti Telecom

3 years

7.85

20

March 11

AAA (Crisil)

Bharti Telecom

2 years

7.75

25

March 11

AAA (Crisil)

Jio Credit

10 years

To be decided

10

March 12

AAA (Crisil, Care)

*Size includes base plus greenshoe for some issues

($1 = 91.9230 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

((Dharamraj.dhutia@tr.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment