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India’s Bharti Airtel unit to sell dollar-denominated perpetuals
By Sarah Lizee
Olympia, Wash., Oct. 8 – Bharti Airtel Ltd. subsidiary Network i2i Ltd. plans to sell benchmark-size dollar-denominated guaranteed perpetual securities (expected ratings: BB/BB), according to a filing with the Bombay Stock Exchange.
Bharti Airtel will guarantee the Rule 144A and Regulation S securities.
The company said it has approached investors for the proposed issuance through joint bookrunners and joint lead managers. Pricing will be determined through a bookbuilding process.
Bharti Airtel is a mobile telecommunications company based in New Delhi.
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