Jurisdiction - Singapore
Singapore – Herbert Smith Freehills Advises RBS On SGD50m Notes Issue.

25 April, 2013


Herbert Smith Freehills has advised the lead manager, The Royal Bank of Scotland plc, on the issue of S$50 million 4.3% notes (the "Notes") by Tata International Singapore Pte Ltd. The Notes, which are due by 2018 and guaranteed by Tata International Limited ("TIL"), were listed on the Singapore Exchange Securities Trading Limited ("SGX-ST"). 


TIL is the premier trading arm of the Tata Group with a presence in manufacturing and supply chain integration. The private company leverages its global presence, along with its experience in sourcing and marketing, to offer a diverse range of products and services relating to its five major business areas: leather and leather products, metals trading, minerals trading, distribution and trading in agricultural based products. Tata Group has 49 offices across more than 35 countries in Africa, Europe, Asia and the Americas.


The Herbert Smith Freehills team was led by capital markets partner Philip Lee, who was supported by senior associate Simon Barrell, and associates Nupur Kant and Maniko Lim. 


The firm also advised Citicorp International Limited as trustee, transfer agent and registrar on this transaction, as well as Citicorp Investment Bank (Singapore) Limited as CDP lodging and paying agent. Finance partner Alexander Aitken and consultant Etelka Bogardi advised on these aspects of the transaction.


Philip Lee commented:


"We are delighted to have had the opportunity to advise The Royal Bank of Scotland and assist Tata International on this note issue, which was unique in that it involved an unrated private Indian company issuing SGX-ST listed Singapore dollar debt in the international capital markets. The fact that more and more South Asian based companies are choosing Herbert Smith Freehills on their important capital markets transactions in Asia is a testament to our leading position in the Asian capital markets landscape."


For further information, please contact:


Wendy Kam, Herbert Smith Freehills
[email protected]




Comments are closed.