Airtel Africa enhances buy back tender offer to $450 million

New Delhi: Bharti Airtel International (Netherlands) BV, which manages Airtel’s Africa business, has raised tender offer to buy back up to USD 450 million (about Rs 3,550 crore) of senior notes, the country’s second-largest telecom company said on Wednesday. The company had issued a tender offer to purchase USD 300 million worth of its 5.35 per cent guaranteed senior notes of USD 1 billion due 2024. The offer commenced from June 21 and will expire on July 19, 2022.

The company’s move to enhance the tender offer follows tendering of debt notes worth over USD 488 million by the bond holders.