Capital Markets
Asia-Pacific Guide 2024 : India
Band 3
Contact number
+91 22 6613 6900About
Provided by TT&A
TT&A has extensive experience of advising both international and domestic clients on a variety of international debt capital markets and convertible bonds transactions.
Examples of some significant deals include advising:
- Barclays, Citigroup Global Markets, Deutsche Bank, Emirates NBD, Investec Bank, JP MorganSecurities, Morgan Stanley and Standard Chartered Bank as joint lead managers, on issue of notes aggregating to USD $950 million by Greenko Solar (Mauritius) Limited.
- Barclays, Goldman Sachs, HSBC, J.P. Morgan and Yes Bank as joint book-runners on the issue of notes aggregating to USD 375million, by eight subsidiaries of ReNew Power Limited.
- Piramal Capital and Housing Finance Limited in relation to the establishment of secured euro medium term note programme of upto USD 10,00,000,000.
Chambers Review
TT&A's team of capital markets lawyers in India has a strong focus on DCM offerings, including senior secured notes and the issuance of green bonds. The team advises prominent domestic and financial institutions on bond and high-yield debt issuances. TT&A often handles matters in the infrastructure and energy spheres. Credit Suisse, Standard Chartered Bank and Apollo Global Management are clients.
Work Highlights
- TT&A advised the placement agents on India Clean Energy's issuance of USD400 million, 4.5% senior secured notes. The proceeds were used to subscribe to the US dollar-denominated senior notes issued by ReNew Power under India's ECB regime.
Strengths
Provided by Chambers
"TT&A are very clued into the regulatory as well as the transactional. We find that when we need advice on a subject that hasn't been looked at in the Indian market, they are on board with the securitisation regulators versus the banking regulators and can put together fantastic advice."
"They are very hands-on with the latest structural and regulatory changes."
"TT&A are very clued into the regulatory as well as the transactional. We find that when we need advice on a subject that hasn't been looked at in the Indian market, they are on board with the securitisation regulators versus the banking regulators and can put together fantastic advice."
"They are very hands-on with the latest structural and regulatory changes."
Notable Practitioners
Rahul Gulati is a partner at TT&A and is based in the firm's Mumbai office. He is a leading debt capital markets practitioner, active on a broad spectrum of debt-related issues, including some offshore work.
"He's the best lawyer in India's DCM space."
"Firstly, Rahul has wide experience. If you look at capital markets trades, he's the one driving most of it, the complicated structured deals, even the debut deals. He sits down and thinks over the different issues and the ways to resolve them."
