HCL Tech’s US arm to raise $ 500 million via senior unsecured Notes
March 04, 2021
The Notes will be listed on the Singapore Exchange Securities Trading Limited
Noida-based HCL Technologies on Thursday said HCL America Inc., a wholly owned US-based step-down subsidiary, proposes to raise $500 million through issuance of fixed rate, senior unsecured Notes.
“The Issuer intends to use the net proceeds of the sale of the Notes for refinancing its existing debt and/ or meeting its working capital requirements. The Notes will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST),” the company said in a stock exchange filing.
The tenure of the instrument will be of five years with Macrh 10 as the date of allotment and the maturity date will be March 10, 2026, it said.
HCL Tech s US arm to raise $500M via senior unsecured notes
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