Trilegal and DLA Piper advised HCL Technologies and its subsidiary, HCL America, in its recent USD500 million overseas bond offering, which had the highest rated credit from India to date.
Talwar Thakore & Associates and Linklaters advised the joint bookrunners to the issue. The bonds, which were allotted on 10 March, were issued by HCL America and are guaranteed by the National Stock Exchange of India and BSE-listed HCL Technologies.
Trilegal’s team was led by partner Bhakta Patnaik, who heads the firm’s capital markets practice, and comprised counsel Brajendu Bhaskar and Albin George Thomas, and associates Arjun Rastogi, Saumya Satwara and Aditya Dsouza. Partner Himanshu Sinha, counsel Komal Dani and associate Hardeep Singh Chawla provided tax advice.
DLA Piper’s team was led by its Singapore-based partner, Philip Lee, who heads its debt capital markets practice for the Asia-Pacific, with support from international deputy chair of the India group, Meraj Noor. They were assisted by associates Mei Sum Chan, Andhari Sidharta and Karen Lee. US-based partners Rachel Paris and Drew Young also advised.
Talwar Thakore & Associates’ team comprised partners Rahul Gulati and Priyanka Kumar, senior associate Saara Ahmed, and associates Ankeeta Parhi, Upasana P, and Namrata Roy.
Linklaters’ team comprised Singapore-based partner Amit Singh, who heads the firm’s capital markets practice in South and Southeast Asia, and partner Michele Discepola and counsel Xunming Lim.
The rule 144A/Reg S offering of senior unsecured notes carry a 1.375% coupon and are listed on the Singapore Stock Exchange. The proceeds of the issue are to be used to refinance the company’s existing debts and for meeting its working capital requirements.