StanChart to cover $5 b of Bharti buy deal

Sources said StanChart was expecting to underwrite the full amount of the financing for the proposed deal, or as much as $5 billion. If the deal materialises, StanChart is expected to syndicate the loan, they added.
StanChart, which is advising Bharti on the transaction, was previously reported by Reuters to have agreed to underwrite $1 billion of the deal. But sources, on Monday, said the bank could back the entire offer.
Bharti’s Sunil Mittal, is an independent non-executive director of StanChart.