We arrange debt for companies and financial institutions across South Asia, Southeast Asia and Africa — from development finance institutions, impact funds, commercial banks, debt funds and credit funds.
Most borrowers come to us with a number in mind and a vague sense of where the money might come from. The work is turning that into a facility a lender will actually approve: the right instrument, the right currency, a structure that survives credit committee, and a process that does not stall six weeks in because something was not prepared.
The currency question comes before the pricing question. A dollar facility usually prices lower than the local alternative, but it introduces an exposure the borrower has to carry or hedge, and the hedging cost frequently erases the headline saving. We work out which way round the arithmetic falls for a given balance sheet before approaching anyone.
An Indian borrower raising offshore has to satisfy two regulators at once — its own and the lender’s. The framework governs who may lend, what the money may be used for, how long the facility may run and what it may cost. The structuring work sits in fitting a commercial requirement inside those boundaries without losing the economics that made offshore attractive in the first place.
Lending against a project rather than a balance sheet changes what matters. Offtake contracts, construction risk, the debt service cover ratio and the strength of the sponsor carry the credit, and the security package has to hold together across the construction period as well as the operating one.
A business with a long book of signed contracts or receivables is often better funded against that book than against its own credit. Our role is structuring the facility around the portfolio — which assets sit inside it, how they are isolated, and what happens when one of them underperforms.
Refinancing is the most common reason an institution first approaches an offshore lender, and the most common place a process fails. Existing lenders have consent rights, prepayment penalties change the arithmetic, and the new facility has to be arranged before the old one can be retired. The sequence matters as much as the pricing.
Green and sustainability-linked structures carry a set of performance targets with a margin that steps up or down depending on whether they are met. The pricing benefit comes with ongoing obligations, and we make sure borrowers understand that trade-off before committing to the structure.
USD 30 Mn Term Loan
USD 15 Mn Term Loan
USD 15 Mn Senior Debt
USD 8 Mn INR-equivalent Term Loan
Tell us what you are funding, how much you need and over what terms. We will tell you whether we can help and which lenders are likely to participate.