IL&FS Transportation Networks’ arm mandates joint lead managers for bond offerings

13 Apr 2012

IL&FS Transportation Networks’ wholly owned subsidiary in Singapore - ITNL Offshore has mandated Deutsche Bank AG, The Royal Bank of Scotland PLC and UBS AG to act as joint lead managers for a Reg S CNH bond offering, which is expected to be rated BBB- from Fitch Ratings.

The bonds are proposed to be listed on the Hong Kong Stock Exchange and the issue is expected to be launched in the near future subject to market conditions.

IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.

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