EM ASIA CREDIT: Varanasi Aurangabad Nh-2 Tollway (SOMAID, Baa3/NR/BBB-) $Bench
Feb-19 01:18
Varanasi Aurangabad Nh-2 Tollway (SOMAID, Baa3/NR/BBB-)
"*MANDATE: VARANASI AURANGABAD NH-2 USD BMRK 144A/REGS 9NC3" - BBG
- The issuer is an Indian project company tasked with widening the Varanasi to Aurangabad highway from 4 lanes to 6.
- This will be a Debut $ issue, with proceeds used to refinance bank debt and help finance the toll project.
- Moody's and Fitch have assigned first time ratings yesterday.
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