Allen & Overy has advised Bharti Airtel Limited on its issue of USD1 billion notes under Rule 144A/Regulation S.

The Allen & Overy team had previous advised Bharti Airtel International (Netherlands) B.V. (BAIN), as issuer, and Bharti Airtel Limited, as guarantor, on all of BAIN’s previous bond offerings, and most recently on the approximately US$2 billion offering of notes under Rule 144A/Regulation S in 2014 (this involved simultaneous offerings of US$1 billion and EUR750 million).

Commenting on the deal partner Amit Singh said: “We were delighted to continue advising our long standing client Bharti Airtel Limited on their strategic capital raising. This deal is a testament to the strength of our India capital markets practice and to our US securities capability in the region. We continue to advise on some of the most significant capital markets transactions from India.”

Partner Amit Singh led the Allen & Overy team from Hong Kong with support from senior associate Garrick Merlo and associate Julie Song.

Other firms involved in the transaction include Axon Partners LLP as Indian counsel for the joint bookrunners and lead managers, Barclays, BNP Paribas, Bank of America Merrill Lynch, Deutsche Bank, HSBC and Standard Chartered Bank, and co-manager DBS Bank, and Skadden, Arps, Slate, Meagher & Flom LLP as US counsel to the joint bookrunners and lead managers.