Only eight CBs have come to market over the past two months and, of those, only two have been from India. This is leading to significant pent-up demand û especially since the equity markets continue to rally. GTL initially offered $200 million worth of bonds plus a $50 million greenshoe, but after seeing the level of demand available, the company together with joint bookrunners Citi and Standard Chartered Bank decided to increase the base size by another $50 million...
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