New Issue: India's HCL Technologies sells Rs. 5 billion two-, three-year debentures at par

By Devika Patel

Knoxville, Tenn., Aug. 26 - HCL Technologies Ltd. said it priced Rs. 5 billion of secured redeemable non-convertible debentures in two tranches.

The company sold 7.55% due Aug. 24, 2011 at par of Rs. 1 million each for Rs. 1.7 billion.

The company sold 8.2% debentures due Aug. 24, 2012 at par of Rs. 1 million each for Rs. 3.3 billion.

HCL Technologies, based in Noida, India, is an information technology services provider.

Issuer:	HCL Technologies Ltd.
Issue:	Secured redeemable non-convertible debentures
Total amount:	Rs. 5 billion
Announcement date:	Aug. 26
7.55% debentures
Amount:	Rs. 1.7 billion
Debentures:	1,700
Maturity:	Aug. 24, 2011
Coupon:	7.55%
Price:	Par of Rs. 1 million
Yield:	7.55%
8.2% debentures
Amount:	Rs. 3.3 billion
Debentures:	3,300
Maturity:	Aug. 24, 2012
Coupon:	8.2%
Price:	Par of Rs. 1 million
Yield:	8.2%

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