Bharti Airtel’s $1 billion debut worth the wait

Finally, Bharti Airtel crosses the line, attracting strong investor interest in its debut bond thanks to a dearth of Asian telco paper.

Bharti Airtel’s $1 billion debut worth the wait

Indian telco Bharti Airtel, controlled by billionaire Sunil Mittal, printed a $1 billion debut bond early Tuesday morning, attracting strong investor interest amid a dearth of paper in the telecoms sector.

“Bharti attracted the most investors I have seen for an Indian company in the last two years,” said a banker. “The investor meetings were packed to the gills.”

Investors like the telco sector for its defensive qualities, but, aside from a...

To continue reading, please login or register for free

Click for more on: bharti airtel | debut bond

Print Edition

FinanceAsia Print Edition