Bharti Telecom plans Rs 9,000-crore bond sale to refinance debt

Bharti Telecom is set to raise between 8,500 and 9,000 crore through a bond sale. This move aims to refinance existing borrowings for the holding company of Bharti Airtel. The company plans to issue bonds with two and three-year maturities. This is a normal refinancing of maturing bonds. Institutional investors are expected to participate in the issue.