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<\/span><\/figcaption><\/figure> NEW DELHI: Bharti Airtel<\/a> plans to raise funds from overseas investors<\/a> with its Mauritius-based subsidiary – Network i2i - seeking to rate such quasi-equity securities, the telecom giant said in a stock exchange release Tuesday confirming ET’s story on the same.

“A benchmark size… USD denominated Guaranteed Subordinated Perpetual Securities by Network i2i Limited expected to be rated BB by both S&P and Fitch may follow, subject to market conditions,” the company said in a release.

The company has appointed investment bankers including BofA Merrill Lynch, Barclays, BNP PARIBAS, Citigroup,
HSBC<\/a>, J.P. Morgan and Standard Chartered Bank, which will help them to raise the offshore money.

The will organise fixed income investor meetings\/calls across Asia, Europe and the United States commencing October 2 this year.

Earlier in the day ET reported that Bharti Airtel planned to raise about $750 million (about Rs 5,300 crore) through the sale of overseas
bonds<\/a> to refinance debt and free up cash to invest in expanding its 4G network as well as prepare for the next spectrum auction, scheduled for early 2020, said three people familiar with the matter. The sum may go up to $1 billion (Rs 7,000 crore) depending on investor response.

The so-called perpetual bonds are a quasi-equity obligation without a fixed maturity, said one of the persons. The securities, which will be sold to investors across the world, are known as 144A bonds that allow the participation of those in the US as well. “The bonds will carry five-year non-call — that means the debt cannot be repaid before five years,” said the person.

Roadshows for the fundraising plan are set to begin this week.

The bonds may be priced in the range of 5.75-6.10%, dealers said.

Networki2i, Airtel’s Mauritius subsidiary, will be the official borrower and is expected to issue the bonds.

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Airtel开始路演从10月2海外补债券发行

公司已任命投资银行家包括美银美林、巴克莱、法国巴黎银行、花旗集团、汇丰银行、摩根大通和渣打银行,这将帮助他们提高海外资金。

Saikat Das 辛格Anandita Mankotia
  • 发布于2019年10月1日是我坚持
新德里消息:Bharti Airtel计划筹集资金海外投资者与其Mauritius-based子公司-网络i2i寻求率这样的准证券、电信巨头在证券交易所发布会上说周二证实外星人的故事一样。

“基准尺寸…美元计价的保证次级永久证券网络i2i有限公司预计将由标准普尔和惠誉评级为BB可能跟进,市场条件,”该公司在一份新闻稿中说。

公司已任命投资银行家包括美银美林、巴克莱、法国巴黎银行、花旗集团、汇丰银行摩根大通(J.P. Morgan)和渣打银行(Standard Chartered Bank),这将帮助他们提高海外资金。

广告
将组织固定收益投资者会议/电话在亚洲、欧洲和美国开始在今年10月2日。

当天早些时候等报道,Bharti Airtel计划筹集约7.5亿美元(约5300卢比)在海外的销售债券再融资债务和自由现金投资于扩大其4 g网络以及准备接下来的频谱拍卖,定于2020年初,三名知情人士表示。金额可能高达10亿美元(7000卢比)取决于投资者的反应。

所谓的永久债券是没有固定的准义务到期,说的一个人。证券,将卖给世界各地的投资者,被称为144年债券,允许那些在美国的参与。“将五年不可赎回债券——这意味着债务无法偿还之前的五年里,”这个人说。

路演的筹款计划本周开始。

债券价格可能在5.75 - -6.10%的范围,交易商说。

Networki2i, Airtel毛里求斯的子公司,将官方的借款人,预计发行的债券。

  • 发布于2019年10月1日是我坚持
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<\/span><\/figcaption><\/figure> NEW DELHI: Bharti Airtel<\/a> plans to raise funds from overseas investors<\/a> with its Mauritius-based subsidiary – Network i2i - seeking to rate such quasi-equity securities, the telecom giant said in a stock exchange release Tuesday confirming ET’s story on the same.

“A benchmark size… USD denominated Guaranteed Subordinated Perpetual Securities by Network i2i Limited expected to be rated BB by both S&P and Fitch may follow, subject to market conditions,” the company said in a release.

The company has appointed investment bankers including BofA Merrill Lynch, Barclays, BNP PARIBAS, Citigroup,
HSBC<\/a>, J.P. Morgan and Standard Chartered Bank, which will help them to raise the offshore money.

The will organise fixed income investor meetings\/calls across Asia, Europe and the United States commencing October 2 this year.

Earlier in the day ET reported that Bharti Airtel planned to raise about $750 million (about Rs 5,300 crore) through the sale of overseas
bonds<\/a> to refinance debt and free up cash to invest in expanding its 4G network as well as prepare for the next spectrum auction, scheduled for early 2020, said three people familiar with the matter. The sum may go up to $1 billion (Rs 7,000 crore) depending on investor response.

The so-called perpetual bonds are a quasi-equity obligation without a fixed maturity, said one of the persons. The securities, which will be sold to investors across the world, are known as 144A bonds that allow the participation of those in the US as well. “The bonds will carry five-year non-call — that means the debt cannot be repaid before five years,” said the person.

Roadshows for the fundraising plan are set to begin this week.

The bonds may be priced in the range of 5.75-6.10%, dealers said.

Networki2i, Airtel’s Mauritius subsidiary, will be the official borrower and is expected to issue the bonds.

<\/body>","next_sibling":[{"msid":71385521,"title":"BSNL salaries delayed even in festive month","entity_type":"ARTICLE","link":"\/news\/bsnl-salaries-delayed-even-in-festive-month\/71385521","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":71386580,"entity_type":"ARTICLE","title":"Airtel to start road shows from Oct 2 for overseas perp bond issue","synopsis":"The company has appointed investment bankers including BofA Merrill Lynch, Barclays, BNP PARIBAS, Citigroup, HSBC, J.P. Morgan and Standard Chartered Bank, which will help them to raise the offshore money.\n","titleseo":"telecomnews\/airtel-to-start-road-shows-from-oct-2-for-overseas-perp-bond-issue","status":"ACTIVE","authors":[{"author_name":"Saikat Das","author_link":"\/author\/479193971\/saikat-das","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479193971.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479193971,"author_name":"Saikat Das","author_seo_name":"saikat-das","designation":"Sr Asst Editor","agency":false}},{"author_name":"Anandita Singh Mankotia","author_link":"\/author\/479231328\/anandita-singh-mankotia","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479231328.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479231328,"author_name":"Anandita Singh Mankotia","author_seo_name":"anandita-singh-mankotia","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2019-10-01 10:50:34","lastupd":"2019-10-01 10:50:34","breadcrumbTags":["bharti airtel","bonds","Overseas investors","J.P Morgan","Industry","HSBC"],"secinfo":{"seolocation":"telecomnews\/airtel-to-start-road-shows-from-oct-2-for-overseas-perp-bond-issue"}}" data-news_link="//www.iser-br.com/news/airtel-to-start-road-shows-from-oct-2-for-overseas-perp-bond-issue/71386580">