IL&FS Transportation Networks’ wholly owned subsidiary --- ITNL Offshore, Singapore (IOPL) has successfully priced additional CNH 100 million on January 15, 2018 which was priced at an annualized yield of 7.5% as against 8% for earlier issuance. The total issuance of Senior Unsecured Notes due 2021 now aggregates to CNH 1 billion. This step has been taken by the company considering the excess demand from the issuance.
Earlier, IOPL had successfully priced a bond deal for CNH 900 million (Reg S only) Senior Unsecured Notes due 2021 at an annualized yield of 8% and had completed the allocation to the investors on January 11, 2018.
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.