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Rolta India talks five-year dollar notes at 9% to 9 1/8%
By Christine Van Dusen
Atlanta, July 17 – Rolta India Ltd. set talk at 9% to 9 1/8% for its planned issue of dollar-denominated notes due in five years (expected ratings: /BB-/BB-), a market source said.
The notes are expected to price by the end of the week.
Barclays and Citigroup are the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to repay indebtedness and for working capital and general corporate purposes.
Rolta India is a technology services company based in Mumbai.
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