India’s 2G funding solution has come out of thin air

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India’s 2G funding solution has come out of thin air – opinion

June 15, 2012 (Last updated: June 19, 2012)

From Lorraine Cushnie

Plans to let India’s telcos use airwaves as collateral for loans on 2G licences threatens to mire the country’s corporate and banking system in even more debt.

India is going through a torrid time. Gross domestic product has slumped to 5.3% in the first quarter, there is an absence of political leadership on the economy and the country is at a substantial risk of losing its investment...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

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