Telecom major Bharti Airtel on Thursday said it has raised $1.25 billion through the issuance of debt instruments.
Airtel said this is the first ever dual-tranche dollar bond issued by the company spread across senior and perpetual issuance.
“This is the largest issuance by any Indian investment grade issuer since January 2019,” Airtel said in a statement.
The fund raising comes just before the start of spectrum auction valued at Rs 3.92 lakh crore.
Meanwhile, Vodafone Idea is also looking to raise $2 billion through a credit line. Talks that were due to conclude at the end of January have been extended till the end of this month.
Potential lenders, including a consortium headed by Oak Hill Advisors of the US, are looking for “safeguards and milestones”. US-based GoldenTree Asset Management has reportedly exited the consortium following differences over lending terms and valuations.
