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Bharti Airtel to pre-pay $1.5 billion debt with Netherlands subsidiary

Bharti Airtel is planning to pre-pay $1.5 billion debt with its subsidiary Bharti Airtel International (Netherlands), using the proceeds it got from six global entities investing in its Africa unit. This offer has been made with a view to pro-actively manage its capital structure, reduce gross debt and leverage by acquiring the Notes funded out of equity proceeds and also provide liquidity to Noteholders at a premium to the market.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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