Bharti Telecom's £ 15,000 Crore Mega connection edition to open next week: Report

India’s Bharti Telecom, the Bharti Airtel control company, will start the largest mortgage sale of the current financial year next week with the aim of raising money at significantly lower rates than last year, according to three commercial bankers. The company wants to raise £ 15000 ($ 1.7 billion) through the sale of bonds that are ripe within two years and over three years and two months. The bankers will pay an annual coupon of 7.35% and 7.45%, the bankers added. Mutual funds are likely to be big buyers of the bonds, one of the bankers says, adding that there was also interest from some foreign banks and private banks. The bankers requested anonymity because they are not authorized to talk to the media. The company did not respond to ‘NE post of Reuters sent Thursday to get an answer. It would be the cheapest mortgage fundraising for the business over four years. A 100 basis point reduction in the policy rate of the Reserve Bank of India in 2025, and an upgrade of the company’s existing bonds to the highest rating of AAA by Crisil ratings helped reduce the cost for the business. The largest mortgage edition of 2025 if successful, it would be the largest mortgage edition of this year. In November 2024, it collected £ 11,150 crore through the sale of bonds. “While the majority of financing is being refinanced, the company will use a sufficient part for Capeex,” the banker said. The firm has debts worth £ 9750 that mature in November-December. It also has £ 16,150 effects that will mature between 2027-2034.