Bharti Airtel raises $750 mn from investors based in Asia, Europe and US

Bharti Airtel on Wednesday said it has raised $750 million (about Rs 5,330 crore) from investors based in Asia, Europe and the US through a hybrid financial instrument.

Bharti Airtel said in a statement that "its wholly-owned subsidiary Network i2i Limited, has priced ... offering of $750 million 5.650 per cent subordinated perpetual securities." The proceeds shall be used for refinancing, investments in subsidiaries and general corporate purpose.
 

Bharti Airtel's Treasury Head Ashish Sardana said in the backdrop of the current global economic environment, the strong response for its inaugural hybrid securities offering from high quality investors across Asia, Europe and