Cyril Amarchand Mangaldas (‘CAM’) advised National Bank for Financing Infrastructure and Development (“NaBFID”) in relation to its issuance of 5,00,000 listed, unsecured, rated, redeemable, taxable, non-convertible debt securities of face value of INR 1,00,000 aggregating to INR 5000,00,00,000. The base issue was INR 2,000 crores which was oversubscribed by over-6x. The debt securities have been listed on both National Stock Exchange of India Limited and BSE Limited.
The deal involved various stakeholders and regulatory advice for the issuance of bonds by a statutory body. CAM played a pivotal role by providing guidance and preparing the key information documents debenture documents and necessary consents in compliance with SEBI ILNCS regulations.
The Project & Project Finance team of Cyril Amarchand Mangaldas advised on the matter. The team was led by Meeta Kurpad, Partner; with support from Malavika Menon, Senior Consultant; Apoorv Jain, Principal Associate; and Manasvin Andra, Associate.
The transaction was signed on 2nd July, 2024 and closing was done on 4th July, 2024.
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About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
