India’s Bharti Telecom readies second $1 billion debt issue in two months

MUMBAI: India’s Bharti Telecom, the holding company of Bharti Airtel, is looking to raise $1 billion through a bond sale, its second in two months, two sources aware of the matter said on Friday.

The company is set to issue 90 billion rupees ($1.01 billion) worth of bonds maturing in two years and in three years and is likely to pay a coupon of 7.25% and 7.35%, respectively, on these notes, close to secondary market levels for October’s issue, according to the sources.