Later it raised a tender offer to buy back up to USD 450 million.
“USD 450,000,000 in aggregate principal amount of Notes (representing 45 per cent of the total principal amount outstanding of the Notes) were cancelled on July 7, 2022. The aggregate principal amount of Notes that remain outstanding as of July 7, 2022, is USD 550,000,000,” Bharti
said in a regulatory filing.
The company’s move to enhance the tender offer follows tendering of debt notes worth over USD 488 million by the bondholders.
The company has come up with a tender offer to optimise its balance sheet and reduce debt.
Consolidated net debt excluding lease obligations for Bharti Airtel stood at Rs 1,23,544 crore as of March 31, 2022, compared to Rs 1,15,512.4 crore in the year-ago period.
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