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Asia EquityAsia Follow-ons and Rights Issues

Investors put in jumbo orders for Airtel’s $3bn QIP, CB combo

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Indian telecommunications giant Bharti Airtel made a splash in the equities market this week, bagging $2bn from a qualified institutional placement (QIP) and $1bn from a convertible bond, the first equity-linked issue in the country in more than two years. Both the deals received a big thumbs-up from investors, reports Jonathan Breen.

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