BMR Legal is advising Indiabulls Housing Finance, one of India's largest mortgage lenders, on the issuance of its $200 million “masala” bonds on the Singapore Stock Exchange. Clifford Chance and AZB & Partners are representing the bookrunners.

The Clifford Chance team advising the bookrunners Axis Bank, Bank of America, Merrill Lynch, Citigroup, Credit Suisse, Nomura and Yes Bank was led by partner Rahul Guptan. Partner Matt Fairclough acted for Citicorp International as trustee for the noteholders. 

“Masala” bonds are Indian rupee-denominated bonds issued in offshore capital markets. This is only the fourth “masala” bond issued following the adoption of rules by the Reserve Bank of India that allowed for such bonds. 

 

Related Articles

Deals

Haiwen, CC advise on China TCM's $2 bln take-private deal

by Hu Yangxiaoxiao 胡阳潇潇 |

Sinopharm Group, an investment consortium led by Sinopharm Group, and China Traditional Chinese Medicine Holdings (China TCM) recently announced a take-private deal for the Hong Kong-listed China TCM through a scheme of arrangement.

Deals

CC, Davis Polk act on ChaPanda’s $330 mln Hong Kong IPO

by Charlie Wu 吴卓言 |

Davis Polk & Wardwell and Jingtian & Gongcheng have advised Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, on its $330 million IPO on the Hong Kong Stock Exchange, with Clifford Chance and King & Wood Mallesons acting for the sponsor CICC and underwriters.

Deals

CC, Slaughters advise as HK-listed SciClone goes private for $1.13 bln

by Hu Yangxiaoxiao 胡阳潇潇 |

Clifford Chance has advised the Hong Kong-listed SciClone Pharmaceuticals on an offer to take it private by healthcare-focused private equity firm GL Capital, with Slaughter and May acting for the buyer’s financial adviser, Capital Corporation Hong Kong Securities (CICC).