Axon Partners, Milbank, and A&O lead on Bharti Airtel’s first $2 billion Dual Currency bonds sale

Axon Partners, Milbank Tweed Hadley & McCloy, and Allen & Overy again team up to advise Bharti Airtel on its first dual currency debt issue and largest fund-raising in one go by the company..Bharti Airtel has raised about $2 billion ($1 billion and Euro 750 million) in a dual currency international bond sale, which will be used for repayment and refinancing of existing foreign currency debt..The transaction was managed by Barclays Bank PLC, BNP Paribas, HSBC Limited, Standard Chartered Bank, JP Morgan Securities PLC and Bank of America-Merril Lynch (collectively the Joint Book Runners)..Axon Partners LLP acted as Indian legal counsel for the Join Book Runners and Lead Manager while Milbank Tweed Hadley & McCloy were the legal counsels with respect to US law..The Axon team was led by Partner Abhimanyu Bhandari along with Senior Associate Kajal Bhimani and Associate Prashant Kumar..The Milbank Tweed team was led by Partner Naomi Ishikawa along with Adrian Yeo and Leroy Langeveld. The Allen & Overy team was led by Partner Amit Singh along with Garrick Merlo and Vivian Chow..Allen & Overy acted as the legal counsels with respect to US law and Dutch law to the Company and the Issuer respectively. The Allen & Overy team was led by Partner Amit Singh along with Garrick Merlo and Vivian Chow..This is third time that Axon Partners is acting on a billion dollar bond offering by Bharti Airtel. Earlier, Axon Partners and Allen & Overy acted on Bharti Airtel’s first Euro denominated bond offering. Prior to that Axon, Milbank Tweed and Allen & Over acted on Bharti Aitel’s $1 billion bond issue in March 2013.