Varanasi Aurangabad National Highway (NH)-2 Tollway (VAH) has raised $316.3 million through a dollar-denominated bond issuance. The bonds carry a coupon rate of 5.9 per cent and will mature in nearly ...

VAH, a Roadis entity, is responsible for the operations and maintenance of the 192 km Varanasi-Aurangabad highway and its expansion to six lanes.

VAH has become the first Indian road concession company to raise US dollar-denominated debt in global capital markets.

Varanasi Aurangabad NH-2 Tollway Private Limited (VAH), a ROADIS project responsible for the expansion to six lanes, operations and maintenance of the 192-km highway from Varanasi to Aurangabad, has ...