Data InvIT raises nearly $1 bn in rare bond deal to fund ATC India purchase

Quick Summary:

Canada's Brookfield Asset Management had said at the start of the year that it would buy ATC's India operations, ATC Telecom Infrastructure, for $2.

The two series of bonds maturing in five years have a quarterly interest rate of 9.99 per cent, the term sheet showed.

JP Morgan Chase Bank is the anchor investor for the second series of bonds maturing on Sept.10, 2029, with a size of Rs 498 crore.

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Category: BusinessFinance

Markets: IndiaCanada

Topics: Rupee bond DBS bank Brookfield Data InvIT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 16:06:50 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 440 words

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Copyright Owner: © Business Standard

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