New Delhi, March 4 (TIWN) HCL America Inc, a wholly owned step-down subsidiary of HCL Technologies plans to raise $500 million by issuing fixed rate, senior unsecured notes.

In a statement, HCL Technologies, said that its subsidiary intends to use the net proceeds of the sale of the notes for refinancing its existing debt and meeting its working capital requirements.  The notes which will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST), have a tenure of five year as allotment would be done on March 10, 2021 and the date of maturity date is March 10, 2026.