The telecom operator<\/a>, which holds a stake in Bharti Airtel<\/a>, has accepted bids of 8 billion rupees for three-year bonds, the coupon for which would be the six-month marginal cost of lending rate (MCLR) of Kotak Mahindra Bank<\/a> and currently stands at 8.40%.
It has also accepted bids of 10.50 billion rupees for plain vanilla three-year notes at an annual coupon of 8.60%.
It had invited commitment bids for both the issues earlier in the day. The MCLR-linked bond issuance will have a call option at the end of one year.
The bonds are rated AA+ by CRISIL<\/a> and the issue will close for subscription next week.
Earlier this month, the company raised an aggregate of 45 billion rupees through two-year and three-year papers at an annual coupon of 8.60% and 8.70%.
The company also raised an aggregate of 70 billion rupees through bonds maturing in two years and three years in November.
<\/body>","next_sibling":[{"msid":96091801,"title":"Foxconn recharges India unit with $500 million","entity_type":"ARTICLE","link":"\/news\/foxconn-unit-invests-500-million-in-india-affiliate\/96091801","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":96091869,"entity_type":"ARTICLE","title":"Bharti Telecom accepts bids for 3-year bonds: Traders","synopsis":"The telecom operator, which holds a stake in Bharti Airtel, has accepted bids of 8 billion rupees for three-year bonds, the coupon for which would be the six-month marginal cost of lending rate (MCLR) of Kotak Mahindra Bank and currently stands at 8.40%.","titleseo":"telecomnews\/bharti-telecom-accepts-bids-for-3-year-bonds-traders","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":249,"shares":0,"engagementtimems":1060000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-12-08 21:24:04","lastupd":"2022-12-08 21:28:07","breadcrumbTags":["bharti airtel","telecom news","bharti airtel bonds","CRISIL","telecom operator","Kotak Mahindra Bank","industry"],"secinfo":{"seolocation":"telecomnews\/bharti-telecom-accepts-bids-for-3-year-bonds-traders"}}" data-news_link="//www.iser-br.com/news/bharti-telecom-accepts-bids-for-3-year-bonds-traders/96091869">