Third time lucky: Axon, A&O, Milbank advise on $2bn Bharti Airtel dual-currency bonds

Wednesday, 14 May 2014 By Legally India Capital Markets

Axon Partners LLP and Milbank Tweed Hadley & McCloy jointly advised the lead book runners and lead managers in Bharti Airtel International (Netherlands) BV issuing $1bn and €750m of notes, with Allen & Overy (A&O) advised Bharti Airtel and the Dutch issue on Dutch and US laws.

Axon co-founding partner Abhimanyu Bhandari with associates Kajal Bhimani and Prashant Kumar advised on Indian law with Milbank Singapore partner Naomi Ishikawa with senior associate Adrian Yeo and associate Leroy Langeveld.

A&O Hong Kong partner Amit Singh with associates Garrick Merlo and Vivian Chow acted for the issuer.

The book runners were Barclays Bank PLC, BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank, JP Morgan Securities PLC and Bank of America-Merril Lynch, reported Mint and others.

The same firms had also acted on Bharti’s Dutch $1bn dollar bond issue one year ago, followed by a €750m bond in December 2013.

Comments

In House Counsel 15 May 2014, 09:30

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This must be the first capital markets transaction I've seen where there is pointedly no Indian counsel for an Indian issuer, but there were foreign law advisers. It wouldn't be the first time though that the Indian counsel for the lead bookrunners and managers has omitted references to (often far more significant) contributions of other Indian firms in its press release.

roy 17 May 2014, 05:24

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Axon will you still be in since UPA-2 is out so Manu is out or Daddy Singhvi is joining BJP like his daddy did. i think his younger and more dynamic of two sons is ready to take poltical plunge. his elder son can't even manage a law firm so its Bhandari who is doing the work.

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