By Sarah Lizee
Olympia, Wash., Oct. 15 – Bharti Airtel Ltd. subsidiary Network i2i Ltd. sold $750 million of 5.65% subordinated perpetual securities (expected ratings: /BB/BB), according to a filing with the Bombay Stock Exchange.
Lead managers and bookrunners for the securities were Barclays, BNP Paribas, Citigroup Global Markets Ltd., Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd. and Standard Chartered Bank.
Bharti Airtel guarantees the Rule 144A and Regulation S securities.
Bharti Airtel is a mobile telecommunications company based in New Delhi.
| Issuer: | Network i2i Ltd.
|
| Guarantor: | Bharti Airtel Ltd.
|
| Issue: | Subordinated perpetual securities
|
| Amount: | $750 million
|
| Maturity: | Perpetual
|
| Bookrunners: | Barclays, BNP Paribas, Citigroup Global Markets Ltd., Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd. and Standard Chartered Bank
|
| Coupon: | 5.65%
|
| Settlement date: | Oct. 15
|
| Listing date: | Oct. 16
|
| Expected ratings: | S&P: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
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