Khaitan & Co advised on the update of REC Limited’s USD 10 billion global MTN programme and proposed issuance of bonds
Khaitan & Co advised REC Limited in relation to the update of its USD 10 billion global medium term note programme and the proposed issuance of notes under Rule 144A and Regulation S of the U.S. Securities Act, 1933. The notes, when issued, will be listed on the India INX, NSE IFSC in IFSC GIFT City, the Singapore Exchange Limited, and International Securities Market.
The Firm acted as the legal advisor to the Indian Law for the Arrangers and the Initial Dealers, including Barclays Bank PLC, DBS Bank Limited, The Hongkong and Shanghai Banking Corporation Limited, Mizuho Securities (Singapore) Pte. Ltd, MUFG Securities Asia Limited, and Standard Chartered Bank.
The Khaitan & Co team was led by Manisha Shroff (Partner), with support from Dipayan Dash (Counsel), Aparna Arya (Senior Associate), Arjita Agarwal (Senior Associate), Charul Lunia (Associate), and Rishabh Kumar (Associate). Ritu Shaktawat (Partner), Sneh Shah (Partner), Husain Bohra (Senior Associate), and Rajshree Lohia (Senior Associate) assisted on tax-related aspects of the transaction.
Click to know more about Khaitan & Co
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at [email protected] or call us on +91 8879634922.