Synopsis
The company on Tuesday raised $300 million via bond sale that obtained bids about three times higher than the actual size. Individual investors/companies could not be contacted immediately for comments.
Getty Images
Moody s has assigned a first time (P)Ba2 rating to the proposed USD senior secured notes to be issued by India Toll Roads (ITR).
Singapore-based GIC, US-based MetLife and UK-based Baring Asset Management were among the international investors, who have likely subscribed to the IRB Infrastructure’s overseas bonds, market sources said.
The company on Tuesday raised $300 million via bond sale that obtained bids about three times higher than the actual size. Individual investors/companies could not be contacted immediately for comments.