India's HCL attracts investors with high rating

By Morgan Davis
04 Mar 2021

Indian IT company HCL Technologies sold its first dollar bond on Wednesday, attracting investors with its high rating and established presence overseas.

The debut borrower stands out from its fellow Indian technology names with its A- rating and international business model. As a comparison, the Indian sovereign is rated BBB-. HCL’s maiden bond was sold through its US arm, which makes up the largest portion of its business. HCL's European ...

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