Bharti Airtel raises USD 1.25 billion through debt instruments

Bharti Airtel on Thursday said it has raised USD 1.25 billion through issuance of debt instruments.

The debt fund raising by the company comes just before the start of spectrum auction valued at ₹3.92 lakh crore.

Airtel said this is the first ever dual-tranche US dollar bond issued by the company spread across senior and perpetual issuance.

“This is the largest issuance by any Indian Investment Grade issuer since January 2019,” Airtel said in a statement.