Bharti sells landmark multi-currency bond

India’s largest telecom operator raised a $2 billion dollar-euro bond, the country’s first from the investment grade corporate space, as election anxiety eases.

Bharti sells landmark multi-currency bond

Bharti Airtel raised a $2 billion dual-tranche multi-currency offering on Monday, buoyed by improved market sentiment as concerns about the national elections dwindle.

The bond which is the first multi-tranche dollar-euro note from an Indian corporate consists of a $1 billion 10-year note and a 750 million $1 billion seven-year offering, according to a term sheet seen by FinanceAsia.

India’s domestic equity and credit market conditions, which improved towards the...

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