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IL&FS Transportation Networks' subsidiary raises funds in CNH bond market

Capital Market 

successfully prices 900 million Senior Unsecured Notes due 2021

announced that its subsidiary in Singapore, has successfully priced a deal for 900 million (Reg S only) Senior Unsecured Notes due 2021 at an annualised yield of 8% and has today completed the allocation to the investors.

This is the largest ever issuance by the company in the international markets and one of the largest size achieved by an Indian corporate in the CNH market.

These notes will be listed on the Stock Exchange. The proceeds of this bond would be primarily issued to refinance the existing bonds of the company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 11:41 IST