Jubilant Bhartia plans Rs 5,600 crore bond issue to fund Coca-Cola deal

Jubilant Bhartia Group is set to raise Rs 5,650 crore through NCDs to partially fund its Rs 12,650 crore acquisition of a 40 percent stake in Hindustan Coca-Cola Holdings. Jubilant Beverages and Jubilant Bevco will issue bonds with implied annualised yields around 9 percent. Meanwhile, Jubilant FoodWorks is halting expansion of Dunkin’ Donuts and Hong’s Kitchen to focus on Domino’s Pizza and Popeyes.

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