A joint venture between Bharti Enterprises and private equity firm Warburg Pincus is looking to raise ₹4000 crorethrough the sale of bonds in the next quarter, three sources aware of the matter said on Thursday.

The Bharti-Warburg joint entity will likely offer a coupon of 11-12 per cent, and is expected to attract demand from large mutual funds as well as non-banking financial companies (NBFCs), the sources said.

Kotak Investment Bank is the arranger for the deal, they said.

The sources requested anonymity as they are not authorised to speak to media. Bharti Enterprises, Warburg Pincus, Haier and Kotak Mahindra Bank did not immediately respond to Reuters emails seeking comment.

In July, media reported that the duo jointly bid $720 million for a 49 per cent stake in the Indian arm of

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