Talwar Thakore & Associates (TT&A) advised Deutsche Bank, Singapore Branch, Societe Generale and HSBC (the initial purchasers) in relation to the issue and sale of Reg S / Rule 144A USD 316.3 million 5.90% Senior Secured Notes due 2034 (the Notes) by Varanasi Aurangabad NH-2 Tollway Private Limited (formerly known as Soma Indus Varanasi Aurangabad Tollway Private Limited) (the Issuer). TT&A also acted as Indian law advisors to the hedge banks engaged by the Issuer in relation to the issue of Notes. This deal is a debut issuance for Roadis India group. The Issuer is the first Indian road concession company to raise US dollar-denominated debt in the international capital markets and to obtain investment grade rating by Moody’s and Fitch. The bond offering also received an overwhelming response from global investors.

TT&A Transaction Team comprised Partners Rahul Gulati & Priyanka Kumar, Managing Associate Uzma Naseem, Senior Associate Nikita Agarwal and Associate Shivani Iyer.

TT&A Team that advised on Project related matters comprised Partner Akshay Malhotra and Managing Associate Kush Saggi.

 

 

 

 

 

Source: TT&A’s LinkedIn Page