Bharti Airtel to meet investors for $1 billion bond sale

February 23, 2013 12:17 am | Updated June 13, 2016 03:03 pm IST - NEW DELHI:

Telecom major Bharti Airtel is likely to meet global investors early next week for its proposed billion-dollar bond sale, sources said.

“The company will meet investors early next week, possibly on Monday, for a benchmark bond sale that is expected to raise $1 billion”, sources said.

They said the company’s plan to raise $1 billion was already shared by Bharti Enterprises Group Chief Financial Officer Sarvjit Dhillon on February 1.

A benchmark bond is one that provides a standard against which the performance of other bonds can be measured.

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