Chicago, March 11 – HCL America Inc. sold $500 million of 1 3/8% five-year senior notes (A-), according to a filing with the Bombay Stock Exchange Ltd.
The notes priced at Treasuries plus 75 basis points. The notes were talked in the Treasuries plus 100 bps area.
BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Standard Chartered Bank were the bookrunners.
The issuer, based in California, is a subsidiary of HCL Technologies Ltd., which will guarantee the notes.
The notes are being distributed through Rule 144A and Regulation S and will not be offered in India.
HCL Technologies is a New Delhi-based global technology company.
| Issuer: | HCL America Inc.
|
| Guarantor: | HCL Technologies Ltd.
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| Issue: | Senior notes
|
| Amount: | $500 million
|
| Maturity: | March 10, 2026
|
| Bookrunners: | BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Standard Chartered Bank
|
| Coupon: | 1 3/8%
|
| Spread: | Treasuries plus 75 bps
|
| Trade date: | March 3
|
| Settlement date: | March 10
|
| Rating: | S&P: A-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 100 bps
|
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