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.
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