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Bharti Airtel subsidiary buys back US$450 mil of 5.35% notes due 2024, 50% higher than initial tender offer

Jovi Ho
Jovi Ho7/20/2022 06:22 PM GMT+08  • 1 min read
Bharti Airtel subsidiary buys back US$450 mil of 5.35% notes due 2024, 50% higher than initial tender offer
Bharti Airtel International (Netherlands) has bought back US$450 million of its notes, 50% higher than its initial tender offer.
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Bharti Airtel International (Netherlands), a subsidiary of Singtel subsidiary Bharti Airtel, has bought back US$450 million ($626.23 million) of its 5.35% guaranteed senior notes, due 2024. This is 50% higher than its initial tender offer on July 6.

In a Singapore Exchange (SGX) filing on July 20, Bharti Airtel International (Netherlands) says it paid a total of US$462,593,124.74 in connection with the tender offer.

This comprised of the early tender consideration in the amount of US$1,021 per US$1,000 in principal amount of notes, and the applicable accrued interest payment of $450,000,000 in aggregate principal amount of notes validly tendered at or prior to the early tender deadline.

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