Carlyle Plans $1 Billion Bond to Help Buy India IT Firm Hexaware

Rahul Satija, Bloomberg News

An employee is illuminated by the screen of an Apple Inc. laptop computer as he works at Flock's office in Mumbai, India, on Wednesday, June 28, 2017. Flock, a cloud-based team collaboration service that has attracted 25,000 enterprise users and customers, is pitched as a way to share ideas in real time while doing away with communication hierarchies, at a cheaper price than rival services. Photographer: Dhiraj Singh/Bloomberg , Bloomberg

(Bloomberg) -- Carlyle Group Inc.’s special-purpose investment holding firm CA Magnum Holdings plans to issue dollar bonds to help fund the proposed acquisition of Hexaware Technologies Ltd., according to Moody’s Investors Service.

The $1.01 billion notes due 2026 would ultimately be used by CA Magnum to help finance the purchase of a 95.4% stake in Indian IT company Hexaware, the rating firm said in a note Friday. Moody’s has assigned a B1 rating with a stable outlook to the proposed bond sale.

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Carlyle Plans $1 Billion Bond to Help Buy India IT Firm Hexaware

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