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India IL&FS unit eyes renminbi-denominated bonds-sources
June 28, 2011 / 4:46 AM / in 6 years

India IL&FS unit eyes renminbi-denominated bonds-sources

MUMBAI, June 28 (Reuters) - A unit of Indian lender Infrastructure Leasing & Financial Services Ltd (IL&FS) has mandated Morgan Stanley and Deutsche Bank (DBKGn.DE) for a potential offering of renminbi-denominated bonds , two sources with knowledge of the deal said.

The company is holding investor meetings in Singapore and Hong Kong for the issue, the sources told Reuters, and if the sale happens it would be first offering in the offshore Chinese currency by an Indian company.

The size and maturity of the offering is yet to be decided, said the sources who declined to identify the IL&FS unit. (Reporting by Archana Narayanan; Editing by Ranjit Gangadharan)

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