Sunil Mittal’s Bharti Telecom mulls record $1.7 billion bond deal

Indian billionaire Sunil Mittal’s Bharti Telecom Ltd. is considering to offer about ₹150 billion ($1.7 billion) of bonds as early as next week, according to people familiar with the matter.

Preliminary discussions are underway, including on terms such as tenor and pricing, the people said, asking not to be identified as the information is private. The proceeds would primarily be used for refinancing of upcoming debt maturities, they said.

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