Bharti Telecom Plans ₹9,000-Crore Debt Offering in Just Two Months

At the indicative pricing, this would be the cheapest bond fundraising for Bharti Telecom in four years. | Photo Credit: ADNAN ABIDI

The company is set to issue ₹9,000 crore ($1.01 billion) worth of bonds maturing in two years and in three years and is likely to pay a coupon of 7.25 per cent and 7.35 per cent, respectively, on these notes, close to secondary market levels for October’s issue, according to the sources.

The funds are being raised largely for refinancing upcoming debt maturities, the sources said, requesting anonymity as they are not authorised to speak to the media.

The company did not immediately respond to a Reuters email seeking comment.

The firm has bonds worth ₹7,250 crore ($817.89 million) maturing in December, after ₹2,500 crore of bonds matured on Friday. It also has securities worth ₹26,650 crore that will mature between 2026 and 2034.

In October, Bharti Telecom raised ₹10,500 crore through the sale of bonds maturing in two years and in three years and two months at an annual coupon of 7.35 per cent and 7.45 per cent, respectively.

The sources said, mutual funds are likely to be big buyers of these bonds, as in the previous issue, while some foreign banks have also shown interest.

At the indicative pricing, this would be the cheapest bond fundraising for Bharti Telecom in four years.

An upgrade of its bonds earlier this year to the highest rating of AAA by CRISIL Ratings has helped lower its borrowing cost.

Published on November 21, 2025