Trilegal Advised Canara HSBC Life Insurance On INR 2,500 Million NCD Issuance

Trilegal advised Canara HSBC Life Insurance on INR 2,500 million NCD Issuance

The leading full-service Indian law firm, Trilegal acted as transaction counsel for Canara HSBC Life Insurance Company Limited on the issuance of unsecured, rated, listed, redeemable, fully paid-up, non-cumulative, subordinated, non-convertible debentures aggregating to INR 2,500 million ("Debentures") by Canara HSBC Life Insurance Company Limited ("Canara HSBC") on a private placement basis.

Canara HSBC is a private life insurer in India, promoted by Canara Bank—the fourth largest public sector bank by total assets in India—and HSBC Insurance (Asia-Pacific) Holdings Limited, part of The Hongkong and Shanghai Banking Corporation Limited group. The company holds the third-highest assets under management among public sector-promoted life insurers and ranks among the top five bank-led life insurers in India.

The Trilegal Capital Markets team advising on the transaction was led by Richa Choudhary (Partner) and Maitreya Rajurkar (Partner), with support from Shivayana Balodia (Senior Associate) and Tanushka Trivedi (Associate).

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