Bharti re-dials bond investors for third year

Telecom group takes advantage of improving credit markets to bring new benchmark dollar bond.

Bharti re-dials bond investors for third year

Bharti Airtel returned to the international bond markets for the third time in as many years on Wednesday with a benchmark $1 billion 144a transaction.

The Indian telecoms group has a strong reputation among fixed income investors who view its deals as welcome diversification from the country's traditional supply of finance, oil and petrochemical related credits.

Initial guidance for the Baa3BBB-BBB- rated deal came out around the 220bp...

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