GCX rings up $350m with debut five non-call two bond

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By Isabella Zhong
31 Jul 2014

Global Cloud Xchange (GCX), a subsidiary of Indian telecommunications company Reliance Communications, priced its debut international bond on Thursday, July 24. The non-call two structure is fairly unusual in Asia, but is expected to offer the growing company more flexibility in the future.

A rebranding in March of Reliance Globalcom, Reliance Communications’ technology services arm, gave rise to GCX. Apart from establishing a new corporate identity, the move also streamlined and deepened the scope of the company’s operations.

“Before it was very much a unit of Reliance ...

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