Genpact units eye $350 million five-year guaranteed notes at Treasuries plus 115-120 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., March 23 – Genpact Ltd. subsidiaries Genpact USA, Inc. and Genpact Luxembourg Sarl are expected to offer $350 million guaranteed senior notes due April 10, 2026, which are talked in the Treasuries plus 115 basis points to 120 bps area, according to a 424B5 filing with the Securities and Exchange Commission and a market source.

The notes have a make-whole call and are then redeemable at par.

The bookrunners are Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, BofA Securities, Inc., Credit Agricole CIB, J.P. Morgan Securities LLC and TD Securities (USA) LLC.

The notes are guaranteed by Genpact Ltd.

Proceeds will be used to repay or redeem the company’s 3.7% senior notes due April 1, 2022 and for general corporate purposes.

Genpact is a New York-based global professional process services firm.

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