Home > Allen & Overy, Milbank on $1 Billion Bond Issue by India's Bharti Airtel
Allen & Overy, Milbank on $1 Billion Bond Issue by India's Bharti Airtel
By Tom Brennan All Articles
The Asian Lawyer
March 7, 2013
Bharti Airtel Inc., Indias largest mobile phone carrier, has raised $1 billion in its first bond issue.
The New Delhi-based company sold 10-year, dollar-denominated notes on the Singapore Exchange in order to refinance existing foreign currency debt and for general corporate purposes, according to a statement.
Allen & Overy Hong Kong partner James Grandolfo, who also serves as head of capital markets for Asia Pacific, acted for Bharti Airtel on the deal. The companys in-house team handled Indian law issues.
Milbank, Tweed, Hadley & McCloy Singapore partner Naomi Ishikawa and Hong Kong-based Asia corporate practice head Anthony Root represented underwriters Barclays Plc., BNP Paribas, Citigroup Inc., Deutsche Bank AG, The Hongkong and Shanghai Banking Group Corp., Standard Chartered Plc. and UBS AG. Indian firm Axon Partners advised the underwriters on local law.