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Tuesday, 20 November 2012

JP Morgan invests Rs 530 cr in IL&FS road arm

Financial major JPMorgan yesterday said that it has invested Rs 530 crore in Andhra Pradesh Expressway, a Special
Purpose Vehicle floated by IL&FS Transportation Networks, by subscribing to a bond issue. The issue is important as this is
the first such bond sale in two years and first instance of a private capital market investor investing in the bonds of an
infrastructure SPV, said JP Morgan, which was the sole book-runner and structuring advisor to the issue.

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