SNG counsels HSBC in commercial borrowing


SNG & Partners, acted as legal counsel for The Hongkong and Shanghai Banking Corporation (HSBC), providing assistance in connection with an external commercial borrowing of USD75 million.

This is in conjunction with an accompanying green shoe option of up to USD250 million granted to IIFL Finance.

SNG advised on the drafting, review and negotiation of all pertinent transactional documentation.

Senior partner Amit Aggarwal acted as engagement partner for the transaction, while the team consisted of partner Sharad Joshi and associate Rudraksh Karnik.