Adani to gauge appetite for Masala bond

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By Narae Kim
29 Mar 2016

Adani Transmission has kicked off a series of investor meetings in Asia, Europe and the US to test appetite for an offshore rupee denominated note or Masala bond.

The BBB-/BBB- rated power transmission company has hired Bank of America Merrill Lynch, Barclays, MUFG and Standard Chartered as joint bookrunners and lead managers to work on its offshore rupee senior notes that are payable in dollars.

As part of the preparation, the Indian company met investors ...

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