Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 09-05-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Tata Motors Issuance of Notes due 2021 | Industry: | Automobiles & Parts |
| Description: |
Herbert Smith Freehills has advised on a USD300 million bond offering by India's largest automobile manufacturer, Tata Motors Ltd. The Mumbai-based company's latest offering marks its first U.S. dollar denominated bond issuance in the international debt capital markets.
Herbert Smith Freehills acted as sole international counsel to ANZ, Bank of America Merrill Lynch, Citigroup and HSBC as joint lead managers for the offering. In addition, a separate Herbert Smith Freehills team based in Hong Kong advised Citicorp as trustee for the bond issue.
The USD300,000,000 5.75% notes due 2021, were issued by TML Holdings Pte Ltd, the Singapore-based wholly-owned subsidiary of Tata Motors which is the holding company for Jaguar Land Rover Automotive plc.
The Herbert Smith Freehills team on the deal was led by Singapore-based partner Philip Lee, who was assisted by senior associate Gareth Deiner and associate Nupur Kant. The Herbert Smith Freehills team advising the trustee was led by Hong Kong-based partner Alexander Aitken and of counsel Etelka Bogardi.
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| Financial Center: | Singapore | Value: | 100.01-500.00 |
| Advised Party: | Lead Manager | Law Firm | Herbert Smith Freehills |
| Issuer Jurisdiction | India | Listing Jurisdiction | Singapore |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Philip Lee |
