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IL&FS Transportation Networks has informed the exchanges that ITNL International Pte Ltd, a wholly owned subsidiary of the company incorporated in Singapore, has mandated Barclays Bank Plc and CLSA to act as joint lead managers for a (Regulation S) renminbi-denominated bond offering. The bonds are proposed to be listed on the Hong Kong Stock Exchange and the issue is expected to be launched in the near future, subject to market conditions. The stock closed marginally lower at ₹217.6.
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