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Private Equity | 19 November 2012

JP Morgan Invests In IL&FS's Andhra Pradesh SPV

by Ahemad Shaikh
JP Morgan Invests In IL&FS's Andhra Pradesh SPV
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JP Morgan invested R530 Cr in Andhra Pradesh Expressway, a SPV floated by IL&FS Transportation Networks.

The investment is made through a bond subscription which is a seven series tranche rated AAA by ICRA and India Ratings with the final tranche maturing at the end of 13 years.

JP Morgan itself was the sole book-runner and structuring advisor to the issue.

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