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Prospect News home > News index > List of issuers I > Headlines for IL&FS Transportation Networks Ltd. > News item
Published on 11/25/2019 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

India’s IL&FS defaults on interest payments for two debentures

By Sarah Lizee

Olympia, Wash., Nov. 25 – IL&FS Transportation Networks Ltd. gave notice that it did not make interest payments on two series of its non-convertible debentures due to insufficient funds.

Interest was due on Nov. 25 for the following debentures:

• Tranche XXVI – series 1 (security ITNL25A) debentures, for which Rs. 5,535,123 of interest was due for the period from Aug. 25 to Nov. 24; and

• Tranche XXVI – series 2 (security ITNL28A) debentures, for which Rs. 17,391,781 of interest was due for the period from Aug. 25 to Nov. 24.

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


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