The offering was significantly oversubscribed with very strong demand from several marquee Asian, European and American funds. Thirty per cent of the tranche has been distributed in the APAC region, 45% from EMEA with the balance from US accounts. Over 95% has been allocated to asset managers, insurance companies
and real money accounts with the balance to private banks, corporate, broker dealers and others.
"The strong reception of both our senior and perpetual bonds
by high quality global investor community reflects its confidence in our business and credit. We remain focused on keeping our balance sheet strong and these issuances further bolster our capital structure. We are delighted by the outcome and thank our investors for their continuing support," said Ashish Sardana - Group Treasurer, Bharti Airtel.
Meanwhile, the stock hit an intraday high of Rs. 581.4 and intraday low of 563. The net turnover during the day was Rs. 910,186,215.
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