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Roadis secures $316.3M in bonds for Varanasi-Aurangabad highway, seeing 10.4x investor interest.
A company managing the 192 km Varanasi-Aurangabad highway expansion raised $316.3 million through dollar bonds, with a 5.90% interest rate maturing in nine years.
The bonds, used for refinancing and capital spending, attracted $3.3 billion in investor interest, showing a 10.4 times oversubscription.
This highway project enhances connectivity between Uttar Pradesh and Bihar and operates under the build-operate-transfer model by Roadis.
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Roadis asegura $316,3 millones en bonos para la carretera Varanasi-Aurangabad, viendo 10.4x interés del inversor.