Health chain Aster plans $400 million bond, India expansion ...United Arab Emirates

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Health chain Aster plans $400 million bond, India expansion
source : Gulf News ( United Arab Emirates ) () 5
Aster DM Healthcare Ltd., a Dubai-based operator of hospitals and pharmacies that's expanding across India, is revisiting a potential sale of dollar bonds after pushing back a planned issuance last year. Aster, which runs 26 hospitals and hundreds of clinics and pharmacies in the Gulf and India, will seek to issue about $400 million of securities possibly in the next three to six months, according to Chairman Azad Moopen. The notes would mature in seven to eight years, and would retire and replace existing debt. "We have started discussion with the bankers regarding the bond issue," Moopen, 68, said in an interview. The firm decided not to go ahead with the sale early last year because of

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