Bharti Enterprises and Warburg Pincus's joint venture plans to raise 40 billion rupees ($451 million) by issuing bonds in the next quarter, offering an 11%-12% coupon. Kotak Investment Bank is arranging the deal, expected to draw interest from mutual funds and NBFCs. This bond issuance follows a trend of firms utilizing the corporate bond market to fund significant acquisitions.
from Banking/Finance-Industry-Economic Times https://ift.tt/i7aM8bA
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