From China Development Bank and Industrial and Commercial Bank of China
Bharti Airtel announced that it has received financing commitments of up to USD 2.5 Billion from China Development Bank and Industrial and Commercial Bank of China.The Company signed the term sheets for the financing options in the presence of Hon'ble Prime Minister of India, Shri Narendra Modi, who is currently on an official visit to China.
China Development Bank has committed financing of up to USD 2 Billion with an average maturity of about nine years. This is the single largest bilateral commitment by China Development Bank to any telecom operator globally and the largest bilateral commitment to a private Indian company. Industrial and Commercial Bank of China has committed USD 500 million with an average life of about nine years, making it the largest and longest bilateral commitment to an Indian telecom operator.
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