GC
India's GCX to Xchange loan for proposed senior bond
Global Cloud Xchange (GCX), a subsidiary of Indian telecom firm Reliance Communications, has mandated for its debut international bond.
The borrower has mandated Deutsche Bank and Standard Chartered for a proposed issue of dollar-denominated senior secured guaranteed notes.
Proceeds will be used to repay a $250m shareholder loan that GCX took from parent Reliance Communications and its subsidiaries, according to Moody’s. Equity interest and assets released from ...Already a subscriber? Login
