JP Morgan, HDFC MF grab IL&FS arm Andhra Pradesh Expressway bond sale

Nov 19 2012, 22:16 IST
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SummaryAndhra Pradesh Expressway, special purpose vehicle of IL&FS Transportation Networks, today said it raised Rs 530 crore from sale of bonds, which were snapped up by JP Morgan India, HDFC MF and Franklin Templeton MF.

by both Icra and India Ratings and are structured in the form of seven tranche series having staggered maturity with the final tranche maturing at the end of 13 years, Agarwal said.

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