Vodafone Idea trims bond issue amid AGR relief hopes
Vodafone Idea Telecom Infrastructure, a subsidiary of Vodafone Idea, will raise 32 billion rupees through bond sales instead of 50 billion rupees, citing cheaper funding from lenders. The bonds will have a yield of 12% for two years and 14% for three years and two months. The company aims to complete the placement by December and use the funds for expansion.