The Contrasting Telecom Fortunes Of Mukesh And Anil Ambani

November 22, 2017 14:47

Two billionaire brothers, two bonds, two very different fates. This isn't the plot of yet another sequel to Jeffrey Archer's Kane and Abel, though it could very well be.Mukesh Ambani, India's richest man, sold 10-year dollar notes at just 130 basis points over U.S. Treasuries on Monday. None of the existing debt of Indian nonfinancial issuers, including state-owned firms, was raised this cheaply, according to Bloomberg News reporters Carrie Hong and Neha D'silva.
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