Khaitan & Co advised National Bank for Financing Infrastructure and Development (“Issuer”) in relation to establishment of its maiden USD 4 billion Global Medium Term Note Programme (the “GMTN Programme”) and the issuance of its debut USD 750 million 6.122% fixed rate senior unsecured notes due 2036 (“Notes”) under the GMTN Programme pursuant to Regulation S and Rule 144A of the U.S. Securities Act, 1933 which are listed on India INX and NSE IX in the GIFT City.
Citigroup Global Markets Ltd, The Hongkong and Shanghai Banking Corporation Ltd, Emirates NBD Bank (P.J.S.C.), MUFG Securities Asia Ltd Singapore Branch, J.P. Morgan Securities PLC and Standard Chartered Bank acted as joint lead managers.
The deal was assisted by:
Direct Tax: from Sneh Shah (Partner) and Pal Jain (Associate)
The core team consisted of Manisha Shroff (Partner), Mohit Nad (Counsel), Siddarth Goel (Senior Associate) and Shivansh Kumar Jain (Associate)