IL&FS appoints banks for RMB bond issuance
Indian infrastructure investor IL&FS has selected Deutsche Bank, RBS and UBS to handle its renminbi-denominated “dim sum” bond issue in Hong Kong. The private equity firm aims to raise the equivalent of $200 million, Reuters reported.
Should the deal go through, IL&FS would become the first Indian firm to issue renminbi-denominated bonds. Sources speaking to the newswire did not indicate how IL&FS would allocate the raised capital,...
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