Road company Varanasi Aurangabad NH-2 Tollway (VAH), a road company, has raised $ 31.63 million through dollar bonds. The group has given this information by issuing a statement on Wednesday. The amount received from the issue will be used for repayment of debt and capital expenditure.
Bonds have a 5.9 percent coupon rate and will mature in about nine years. The entire control of VAH is with the Roads Group, a road investment platform of Canada’s Pension Investment Manager PSP investment.
Under the fifth phase of the VAH National Highway Development Project, on the basis of design, construction, loan, operation and toll transfer in Uttar Pradesh and Bihar, Varanasi-Aurangabad section of Varanasi-Aurangabad section 786 to 986 to 984.7 km of six lane expansion and maintenance She does
The only global coordinator of the transaction, Deutsche Bank, said Bond offering has received a strong response from global investors. The order book has reached $ 3.3 billion, which shows about 10.4 times more application. At least 144 investors in international markets participated in this issue which reflects his trust in VAH.
First Published – February 26, 2025 | 10:25 PM IST