Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market

Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise about 85 billion rupees ( ₹8,500 crore) in the local-currency bond market, according to people familiar with the matter.

The company may seek bids for the notes due in three to 10 years next week, with the longer end bonds likely offering a coupon of 9%, they said, asking not to be named as the information is not public. If successful, it will be Bharti Telecom’s largest-ever rupee issuance, according to data compiled by Bloomberg.