Bharti Airtel said that it would redeem its $505mn 5.125% dollar bond due March 11, 2023 a year earlier. The telco said that it will redeem the bonds issued by Bharti Airtel International BV on March 7, 2022. The redemption price for the notes will be 100% of the outstanding principal amount of the redeemed notes, plus the applicable premium and accrued, unpaid interest and additional amounts it said, in a filing with the Bombay Stock Exchange.

Bharti’s 5.125% 2023s are currently trading stable at 103.25, yielding 2.09%.

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