Bharti storms in with largest Indian Swissie
Indian telecoms company Bharti Airtel sold its debut Swiss franc deal on Thursday morning, a six year note. Strong demand allowed the issuer to sell the largest ever Swiss franc deal from the country.
BNP Paribas, Deutsche Bank and UBS priced the Sfr350m six year bonds at 230bp over mid-swaps, in line with guidance and initial price thoughts of 230bp area.
The issuer was looking for a minimum deal size of Sfr150m.The six year maturity was chosen in order to offer investors a ...