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Published on 7/1/2016 in the Prospect News Emerging Markets Daily.

India’s IL&FS Transportation plans Rs. 2 billion redeemable debentures

By Susanna Moon

Chicago, July 1 – IL&FS Transportation Networks Ltd. notified the Bombay Stock Exchange that it plans to price Rs. 2 billion of redeemable debentures in a private placement.

The notes will be rated and listed with a face value of Rs. 1 million each, according to a notice.

The issue was approved by the company’s committee of directors on Thursday.

IL&FS Transportation is a surface transportation infrastructure company based in Mumbai, India.


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