The Indian mobile telecommunications giant is raising $2 billion to refinance existing debt.
May 21, 2014 at 06:39 AM
1 minute read
The original version of this story was published on Global Lawyer News
Allen & Overy has advised Indian telecommunication giant Bharti Airtel Ltd. on a $2 billion dual-currency bond offering.
Through a wholly-owned subsidiary, Bharti Airtel International (Netherlands) B.V., the company sold the bonds in two tranches: $1 billion in 10-year dollar-denominated notes and $1 billion in seven-year euro-denominated notes. Proceeds will be used to refinance Bharti Airtel’s current debt.
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