IRB Infra raises $540 million through dollar bonds, receives bids above $2 billion
IRB Infrastructure Developers Ltd has raised $540 million through senior secured notes, with the private road developer’s bond issuance receiving orders worth more than $2 billion from international investors.
Executives at Deutsche Bank, which was a book-runner on the deal, said that the strong response received by IRB reflected the firm’s robust credit quality and investor confidence in the Indian macroeconomic fundamentals.
