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flag Roadis secures $316.3M in bonds for Varanasi-Aurangabad highway, seeing 10.4x investor interest.

flag 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. flag The bonds, used for refinancing and capital spending, attracted $3.3 billion in investor interest, showing a 10.4 times oversubscription. flag This highway project enhances connectivity between Uttar Pradesh and Bihar and operates under the build-operate-transfer model by Roadis.

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