Bharti Telecom raises Rs 11,150 crore via bonds to fuel investment goals

Bharti Telecom, the holding company of Bharti Airtel, on Monday raised Rs 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 Rs 2,000 crore at 8.65 per cent, with a tenor of three years; Rs 1,650 crore at 8.75 per cent, with a tenor of four years; Rs 2,500 crore at 8.75 per cent, with a tenor of five years; Rs 1,500 crore at 8.90 per cent, with a tenor of seven years; Rs 1,500 crore at 8.90 per cent, with a tenor of 10 years; and Rs 2,000 crore at 8.25 per cent, with a tenor of three years and 10 days.