Rolta India seeks to revive India HY
The Indian specialised IT solutions provider is planning to issue a five non-call three bond in the US dollar bond market that may be as large as $200m in size to refinance existing debt, according to sources close to the deal.
Rolta India, which is rated BB- by Standard & Poors and Fitch, will kick off investor meetings in Asia on May 2 and head to New York, Boston and London from May 6 for its first debut deal that will be printed through a Reg-S/144a format.
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