Jan 13, 2014, 09.10 PM IST
In December 2013, the Sunil Mittal led firm had raised euro 750 million (about Rs 6,350 crore) in the first such bond issue by an Indian corporate and received bids worth euro 3.8 billion.
Tags Bharti Airtel, spectrum , telecom , mobile services , BSE
Like this story, share it with millions of investors on M3
Bharti seeks to raise euro 1 bn by reopening bond issue
In December 2013, the Sunil Mittal led firm had raised euro 750 million (about Rs 6,350 crore) in the first such bond issue by an Indian corporate and received bids worth euro 3.8 billion.
Like this story, share it with millions of investors on M3
Bharti seeks to raise euro 1 bn by reopening bond issue
In December 2013, the Sunil Mittal led firm had raised euro 750 million (about Rs 6,350 crore) in the first such bond issue by an Indian corporate and received bids worth euro 3.8 billion.
Also Read: Individuals can be tried without being named as accused: SC
"Bharti Airtel is looking to raise total of 1 billion euro (about Rs 8,400 crore) from EUR bond. It has already raised Euro 750 million in December from these notes," an industry source told PTI.
A Bharti Airtel spokesperson declined to comment on the development.
The Indian telecom major today announced that "Bharti Airtel International (Netherlands) BV, a wholly owned subsidiary of Bharti Airtel Limited has approached investors for the re-opening of EUR 750 million 4% Senior Notes Due 10 December 2018."
In December 2013, the Sunil Mittal led firm had raised euro 750 million (about Rs 6,350 crore) in the first such bond issue by an Indian corporate and received bids worth euro 3.8 billion.
In terms of geographic distribution, the notes were distributed 38% in the UK, 18% in Germany and Austria, 35% collectively in France, Switzerland, Scandinavia and Netherlands and other European countries and 9% in Asia.
Bharti Airtel's move to raise fresh funds comes about three weeks before start of spectrum auction in which the company may have to bid for frequencies in 900 Mhz band that it uses in Delhi and Kolkata for mobile services and where its licences are expiring in November this year.
In March 2013, the company had raised $1.5 billion in overseas debt in two tranches.Bharti Airtel had net debt of Rs 60,877 crore in September 2013.
Shares of the company closed at Rs 331.25 apiece, up 0.2%, at BSE today.
Bharti Airtel stock price
On January 13, 2014, Bharti Airtel closed at Rs 331.25, up Rs 0.65, or 0.20 percent. The 52-week high of the share was Rs 373.50 and the 52-week low was Rs 266.95.
The company's trailing 12-month (TTM) EPS was at Rs 11.45 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 28.93. The latest book value of the company is Rs 135.70 per share. At current value, the price-to-book value of the company is 2.44.
Anda sedang membaca artikel tentang
Bharti seeks to raise euro 1 bn by reopening bond issue
Dengan url
http://berhentialkohol.blogspot.com/2014/01/bharti-seeks-to-raise-euro-1-bn-by.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Bharti seeks to raise euro 1 bn by reopening bond issue
namun jangan lupa untuk meletakkan link
Bharti seeks to raise euro 1 bn by reopening bond issue
sebagai sumbernya
0 komentar:
Posting Komentar