Hella Infra Market unit plans dollar bond sale of up to $350 million, bankers say
The company conducted a deal roadshow last week and has mandated bankers for the issue, the bankers said.
India Infra will look to sell bonds with a maturity of three years to three-year and six months, the bankers said, adding that the notes are expected to be rated Ba3 by Moody's and B+(sf) by Fitch Ratings.
The company has mandated HSBC as the left lead bookrunner and Barclays, DBS Bank, Deutsche Bank, and Emirates NBD Bank PJSC as joint bookrunners, it said in a regulatory filing.
The bookrunners will arrange a series of fixed income investor meetings and calls in Asia, the Middle East, Europe, and the U.S. commencing from Tuesday, according to the filing.
The proceeds would be used to purchase rupee-denominated bonds, which will be issued by Hella Infra, the company's statement showed.
India Infra did not reply to a Reuters mail seeking clarification on the amount of the fundraise.
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The Independent
25 minutes ago
- The Independent
Trump's tariff pressure pushes Asia toward American LNG, but at the cost of climate goals
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It is not just having to build LNG,' he said. ___ Jintamas Saksornchai in Bangkok contributed to this report. ___ Associated Press climate and environmental coverage receive support from several private foundations. See more about AP's climate initiative here. The AP is solely responsible for all content.
Reuters
26 minutes ago
- Reuters
Japan's markets brace for election impact on JGBs, yen
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Reuters
26 minutes ago
- Reuters
Rangebound patterns tighten rupee's correlation with Indian stocks
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