<article>Indian infrastructure firm IL&amp;FS Transportation Networks has completed its sale of a 900 million yuan ($138.23 million) three-year dim sum bond priced at 8 percent, marking the first high-yield dim sum deal in more than a year.</article>

Indian infrastructure firm IL&amp;FS Transportation Networks has completed its sale of a 900 million yuan ($138.23 million) three-year dim sum bond priced at 8 percent, marking the first high-yield dim sum deal in more than a year.
Order books for the bond amounted to more than 2 billion yuan from 52 accounts. Asian investors accounted for 97 percent and European investors took up 3 percent.
Fund and asset managers accounted for 92 percent, followed by commercial banks at 5 percent and private banks at 3 percent.
The offshore yuan bond market lost momentum over the past few years as the yuan&#8217;s increased volatility and depreciation expectation dampened investors&#8217; appetite to hold yuan assets.
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Reuters

Indian infrastructure firm IL&FS Transportation Networks has completed its sale of a 900 million yuan ($138.23 million) three-year dim sum bond priced at 8 percent.

IL&FS Transportation Networks sells $138.2m dim sum bond at 8%

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IL&FS Transportation Networks sells $138.2m dim sum bond at 8%

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