Bharti Airtel pays up for €750m bond

India’s largest telecom firm has raised a euro bond, but instead of achieving competitive pricing versus a dollar issuance, it ending up paying extra.

Bharti Airtel sold a €750 million ($1 billion) senior unsecured five-year note on Tuesday and while it is common knowledge that the euro market is able to offer Asian issuers tighter pricing versus the dollar, it is debatable whether this was the case here.

¬ Haymarket Media Limited. All rights reserved.

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