Sunil Mittal, an Indian billionaire , continues to grow his business empire. Now, his Bharti Telecom Ltd. is considering offering about USD 1.7 billion (Rs 15080 crore) of bonds as early as next week, a Bloomberg report stated, quoting people familiar with the matter. According to the report, preliminary discussions are underway, including on terms such as tenor and pricing. The proceeds would primarily be used for refinancing of upcoming debt maturities.
What's Bharti Airtel's plan?
If completed, the deal would mark Bharti Telecom’s largest-ever rupee bond sale, according to data compiled by Bloomberg. The company last tapped the local debt market in November 2024, raising 111.5 billion rupees through a six-part issuance.
Bharti Telecom’s unit Bharti Airtel Ltd. completed its natio