The lead partner at J Sagar Associates (JSA) advising Hindustan Petroleum Corporation Limited (HPCL) in its recent maiden 10-year bond issue in foreign markets says regulatory stars are currently aligned for fund-raising through bond issues.
“The regulatory environment is definitely conducive for such international bond issues,” said JSA joint managing partner Dina Wadia. “Such international bond issuances are a sought-after route for fund-raising, within the contours of the extant regulatory and governmental policies.”
HCPL’s first issue on the international bond market raised US$500 million and has a semi-annual coupon of 4% per annum with a maturity date of 12 July 2027.
