Khaitan advises IFC on bond update

Khaitan & Co advised as the sole legal advisers to International Finance Corporation in connection with the update of the shelf document (valid for 1 year) for their “maharaja” bond programme.

The firm also acted as sole legal advisers in connection with the issue, allotment and listing on the NSE of sub-tranche 2 of tranche 3 of 8.88% fixed rate rupee-denominated, unsecured, non-cumulative, redeemable, listed non-convertible bonds.

Manisha Shroff, Associate Partner; Soumya Mohapatra, Principal Associate; Krishnendu Sen, Associate and Bidya Mohanty, Associate, represented the client on the transaction.