Shardul Amarchand Mangaldas & Co. advises IFC on USD 500 Million ECB Facility to SIDBI
IFC’s debt proceeds will be utilized by SIDBI for directly lending to MSMEs and for MSME refinance facilities to financial institutions.
cross-border financing
SAM advises Continuum Group on USD 450 million Senior Unsecured Reg S/144A Bond Issuance through its global treasury centre in GIFT City
SAM advised on all aspects of Indian law relating to the transaction, including the regulatory framework applicable to the issuer under the GIFT City IFSC regime, the structuring of the offering, the review, negotiation and finalisation of the offering circular and transaction documents, including the bond documentation, trust deeds and corporate guarantees. SAM also acted as the listing agent for the listing of the Bonds on NSE IX.
CAM acts as Issuer’s Indian law counsel in relation to issue of foreign currency denominated bonds of USD 800 million raised by Axis Bank
The issuance comprises two tranches: (i) USD 500 million of 6.875% Additional Tier 1 capital notes perpetual in nature; and (ii) USD 300 million of 5.348% senior unsecured fixed-rate notes. The bonds are listed on the Global Securities Market of India International Exchange (IFSC) Limited; and the Debt Securities Market of NSE IFSC Limited.
Cyril Amarchand Mangaldas acts as lender’s legal counsel to International Finance Corporation
The transaction team was involved in structuring, documentation, negotiations and providing advice on all relevant Indian legal matters in relation to the transaction. The transaction structure was unique as the financing was provided outside of the ECB framework.