By Rebecca Melvin
New York, Feb. 12 – India Infoline Finance Ltd. priced $400 million of senior secured notes due April, 20, 2023 with a 5 7/8% coupon, according to a company news release on Wednesday.
Barclays, HSBC, Standard Chartered Bank and UBS were joint global coordinators, joint lead managers and joint bookrunners with Emirates NBD as joint lead manager and bookrunner of the Regulation S notes.
The issue priced under the company’s $1 billion secured medium-term note program, and proceeds will be applied for on-lending and supporting growth of the company’s businesses.
The company is a Mumbai, India-based financial services company.
| Issuer: | India Infoline Finance Ltd.
|
| Issue: | Notes
|
| Amount: | $400 million
|
| Maturity: | April 20, 2023
|
| Bookrunners: | Barclays, HSBC, Standard Chartered Bank, UBS and Emirates NBD
|
| Coupon: | 5 7/8%
|
| Announcement date: | Feb. 12
|
| Settlement date: | Feb. 20
|
| Distribution: | Regulation S
|
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