By Christine Van Dusen
Atlanta, May 9 - Rolta India Ltd. priced a $200 million issue of 10¾% five-year notes (/BB-/BB-) on Thursday at 99.527 to yield 10 7/8%, a market source said.
The notes matched talk of a 10 7/8% yield.
Barclays, Citigroup, DBS and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.
The notes are non-callable for three years and include a change-of-control put at 101%.
Rolta India is a technology services company based in Mumbai.
| Issuer: | Rolta India Ltd.
|
| Amount: | $200 million
|
| Maturity: | May 16, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Citigroup, DBS, Deutsche Bank
|
| Coupon: | 10¾%
|
| Price: | 99.527
|
| Yield: | 10 7/8%
|
| Call features: | Non-callable for three years
|
| Change-of-control put: | At 101%
|
| Trade date: | May 9
|
| Settlement date: | May 16
|
| Ratings: | Standard & Poor's: BB-
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 10 7/8%
|
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