Thursday, February 1, 2007

Deutsche Bank emerges as leading foreign debt arranger for India

German banking major, Deutsche Bank, has emerged as the number one arranger of foreign currency bonds for Indian borrowers in 2006. Deutsche Bank AG has managed a number of landmark deals in India, including a $400 mn deal for ICICI Bank, a $ 150 mn deal for UTI Bank as well as the longest-dated bond in Japanese yen from an Asian borrower, with a 10-year deal for Reliance Industries. In equity-linked deals, Deutsche Bank executed the largest ever capital market financing for an Indian pharmaceutical, with a $440 mn deal for Ranbaxy Laboratories Limited. The bank was also the sole book-runner on the $500 mn convertible bond for the Anil Ambani-spearheaded Reliance Communications Limited.

Read the article on the Zee News website.

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