IL&FS Transportation Networks’ wholly owned subsidiary --- ITNL Offshore will issue RMB denominated Notes guaranteed by the company. The proceeds will be primarily utilised for redeeming the Notes issued by the subsidiary in 2015. The Notes are proposed to be listed on the Singapore Stock Exchange and the issue is expected to be launched in the near future subject to market conditions.
ITNL Offshore has mandated CLSA (a CITIC Securities Company), MUFG and Standard Chartered Bank as Joint Bookrunners and Joint Lead Managers for issue of RMB denominated Notes.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.
