Vodafone Idea Seeks $1.8 Billion of Loans in Next Two Years [BNN Bloomberg (Canada)]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
US:NASDAQ Investor Relations:
vodafone.com/content/index/investors.html
Company Research
Source: BNN Bloomberg
This would be the first move in a plan to raise 250 billion rupees overall in debt, with the proceeds helping to repay operational creditors, roll out a 5G network and bid for additional spectrum. Fresh from the success of a $2.2 billion share sale last month, the joint venture between Vodafone Group Plc and Birla's conglomerate has reached out to government-owned banks such as State Bank of India, Bank of Baroda and Punjab National Bank, as well as some private-sector lenders, according to the people aware of the development who asked not to be identified as the information is private. State Bank of India may take the lead of a consortium with state-owned and private bankers, and the funds would be disbursed in tranches, the people said. Discussions are continuing and details of the fund raising, including size, could still change, they added. A Vodafone Idea representative declined to offer any comments immediately when reached on Thursday. Spokespersons for the banks didn't
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VOD
Sec Filings
- 5/15/24 - Form 6-K
- 5/15/24 - Form 6-K
- 5/14/24 - Form 6-K
- VOD's page on the SEC website