Airtel to decide on foreign currency bonds issuance

Bharti Airtel Ltd will meet global fixed income investors on or after 23 February to decide on the issuance of foreign currency bonds, the company said in an exchange filing on Monday.

The board of the telco had earlier this month approved fundraising of up to ₹7,500 crore through debt instruments such as debentures and bonds in one or more tranches.

“The company will meet global fixed income investors on or after 23 February, following which and subject to market conditions, the company will take a final decision on the issuance of foreign currency bonds/notes and a deal may or may not follow,” it said.