Shearman & Sterling Advises on HT Global’s $300 Million High Yield Bond Offering
Shearman & Sterling advised Deutsche Bank, Standard Chartered Bank, ING, and UBS as initial purchasers on the US$300 million 7% senior notes offering by HT Global IT Solutions Holdings Limited (“HT Global”). The notes will be listed on the Singapore Exchange Securities Trading Limited.
HT Global is a holding company incorporated in Mauritius by Baring Private Equity Asia V Mauritius Holdings (4) Limited, and owns a 71.25% controlling interest in Hexaware Technologies, a global provider of information technology and business process management services.
The Shearman & Sterling team was led by partners Andrew Schleider (Singapore-Capital Markets), Kyungwon Lee (Hong Kong-Capital Markets) and Nathan Greene (New York-Asset Management); with support from counsel Joji Ozawa (Singapore-Capital Markets) and Eileen O’Pray (Menlo Park-Tax); and associates David Wallace and Leonard Lou (Hong Kong-Capital Markets).