Published on 3/25/2015 in the Prospect News Emerging Markets Daily.
New Issue: India’s IL&FS prints RMB 690 million 7½% notes due 2018 at 8% yield
By Christine Van Dusen
Atlanta, March 25 – IL&FS Transportation Networks Ltd. – via subsidiary ITNL Offshore Two – sold RMB 690 million 7½% three-year notes at 98.688 to yield 8% on Tuesday, a market source said.
CLSA, ANZ, HSBC and Standard Chartered Bank were the bookrunners for the Regulation S transaction.
IL&FS Transportation is a surface transportation infrastructure company based in Mumbai, India.
| Issuer: | ITNL Offshore Two
|
| Amount: | RMB 690 million
|
| Maturity: | April 1, 2018
|
| Description: | Senior notes
|
| Bookrunners: | CLSA, ANZ, HSBC, Standard Chartered Bank
|
| Coupon: | 7½%
|
| Price: | 98.688
|
| Yield: | 8%
|
| Trade date: | March 24
|
| Settlement date: | April 1
|
| Distribution: | Regulation S
|
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