Debolina Saha
PEOPLE

Debolina Saha

Senior Associate
saha.debolina@dorsey.com

Overview

Debolina focuses on international capital markets work. 

Debolina specializes in representing and advising corporate and investment banking clients on debt offerings pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, including investment grade, standalone issuances and medium-term note programs for Indian issuers. Ms. Saha also has extensive experience with green bonds and masala bonds and has been based in Hong Kong since 2013. 

Debolina has a B.A. LLB. (Hons.) degree from the West Bengal National University of Juridical Sciences in Kolkata, India and was featured in a publication titled “On the Rise (Inspiring Stories of Young Professionals in India)” by Universal, in July 2017. Additionally she has several publications to her credit including publications in international journals, has been a panelist on discussions on legal developments and been invited as a guest faculty to one of India’s top law schools.

Education & Admissions

West Bengal National University of Juridical Sciences, Kolkata, India (B.A., LLB., Hons., 2006)

Admissions

  • England
  • India

Languages

  • English, Bengali, Hindi and Nepali

Experience

Representative Transactions

  • NTPC Limited - Axis Bank, Barclays, MUFG and Standard Chartered Bank as joint lead managers on the Reg S issue ofUSD400m 4.5% notes due 2028 by NTPC Limited.
  • HDFC Bank Limited - SMBC Nikko Capital Markets as the lead manager on the Reg S issue of USD25m  floating rate notes due 2021 by HDFC  Bank Limited (acting through its IFSC Banking Unit at GIFT-City), under its USD3bn MTN programme.
  • Rural Electrification Corporation Limited - A global financial services  group, ANZ, Mizuho Securities and MUFG as joint lead managers in connection with the Reg S issuer of USD400m 3.068% notes due 2020 by Rural Electrification Corporation Limited, under its USD1bn MTN programme.
  • Indian Railway Finance Corporation - Barclays, HSBC, MUFG and Standard Chartered Bank as the joint lead managers on the Reg S issue ofUSD500m 3.835% green bonds due 2027 by Indian Railway Finance Corporation.
  • Power Finance Corporation Limited - A global financial services group, SBICAP (Singapore) Limited and Standard Chartered Bank as joint lead managers on the Reg S green bond offering ofUSD400m 3.75% senior notes due 2027 by Power Finance Corporation Limited under its USD1bn MTN programme. The bond was certified by the Climate Bonds Initiative and verified by an independent assurance statement.
  • Export-Import Bank of India - Export-Import Bank of India on its Reg S USD400m floating rates notes due 2022.
  • Canara Bank - Axis Bank, Barclays, Citi, Crédit Agricole, HSBC, J.P. Morgan, Merrill Lynch and Standard Chartered Bank as joint lead managers in connection with the Reg S offering of USD400m 3.250% senior unsecured notes due 2022 by Canara Bank and Axis Bank and Standard Chartered Bank on an additional tap issuance of USD200m notes to be consolidated and to form a single series with the USD400m notes.
  • Axis Bank - Axis Bank on its Rule 144A / Reg S offering ofUSD500m 3.00% senior unsecured notes due 2022.
  • Rural Electrification Corporation Limited - A global financial services group, ANZ, BNP Paribas, HSBC, Mizuho Securities and MUFG as joint lead managers in connection with the Reg S green bond offering of USD450m 3.875% senior unsecured notes due 2027 by Rural Electrification Corporation Limited. The bond was certified by the Climate Bonds Initiative and verified by an independent assurance statement and is the first green bond to be listed on the green bond segment of the International Securities Market of the London Stock Exchange.
  • Hindustan Petroleum Corporation Limited - Citi, DBS, MUFG, SBICAP and Standard Chartered Bank as joint lead managers in connection with the debut Regulation S offering of USD500m 4.00% senior unsecured notes due 2027 by Hindustan Petroleum Corporation Limited.
  • State Bank of India - State Bank of India on its issue of USD500m fixed rate notes due 2020 under its USD10bn MTN programme.
  • State Bank of India - State Bank of India on its issue of USD300m denominated Additional Tier 1 bonds, the first transaction of its kind out of India.
  • ONGC Vide.5h Vankorneft Pte. Ltd. - Citi and Standard Chartered Bank as joint global coordinators, and with DBS, Mizuho Securities, MUFG and SMBC Nikko, as joint lead managers, in connection with ONGC Videsh Vankorneft Pte. Ltd.'s USD1bn notes issuance. The issuance is the first dual tranche issuance from India in 2016 and comprised a USD400m senior notes due 2022 tranche and a USD600m senior notes due 2026 tranche.
  • Export-Import Bank of India - Export-Import Bank of India on its inaugural USD1 billion Rule 144A/Reg S bond issue under its USD10bn GMTN programme.
  • NTPC Limited - Axis Bank, HSBC, MUFG and Standard Chartered Bank as joint lead managers on the issue of INR20bn green masala bonds by NTPC Limited, the first of its kind and is dual listed on the London and Singapore Stock Exchanges. The green bond is certified by the Climate Bond Initiative.
  • Axis Bank - Axis Bank on its inaugural USD500m Rule 144A/Reg S green bond issue. This is the largest green bond issued by an Indian Bank at the time and is the first by an Asian bank to be certified by the Climate Bonds Initiative (a non-profit organization working to mobilize debt capital markets for climate change solutions, which has developed assurance standards for the green bond market).
  • NTPC Limited - Barclays, Citi, Deutsche Bank, HSBC and SBICAP (Singapore) on the issue of USD500m Reg S notes due2024 by NTPC Limited under its USD2bn MTN programme.
  • State Bank of India - Advised the issuer on its USD1bn and USD1.25bn Rule 144A/Reg S bond offerings. The USD1.25bn bond transaction was the first issue of U.S. dollar bonds by an Indian bank since May 2011 and the largest single-tranche offering by a public sector bank in India.
  • Bank of Baroda - Bank of Baroda, London Branch, on its standalone USD750m Rulel44A/Reg S notes issue due 2019.
  • IDBI Bank - ANZ, BNP Paribas, Citigroup and HSBC as leader managers on the issue of IDBI Bank's USD350m Reg S notes due 2020, issued pursuant to its USD5bn MTN programme.
  • Bank of Baroda - HSBC and Standard Chartered Bank as leader managers on the issue of USD250m Reg S notes due 2019 by Bank of Baroda.
  • State Bank of India - State Bank of India on its standalone USD750m, USD500m, USD1bn and USD1.25bn Rule 144A/Reg S bond offerings due 2019, 2024, 2018 and 2017 respectively. The USD1.25bn transaction was the first issue of U.S. dollar bonds by an Indian bank since May 2011 and the largest single-tranche offering by a public sector bank in India.
  • Indian Railway Finance Corporation Limited - Barclays, Bank of America Merrill Lynch, Citi, Deutsche Bank and J.P. Morgan as the joint lead managers on the issue of USD300m and USD 500m Reg S bonds by Indian Railway Finance Corporation Limited.
  • Bharat Petroleum Corporation Limited - Citigroup Global Markets Limited, Deutsche Bank AG, Singapore Branch, the Hong Kong and Shanghai Banking Corporation Limited and Standard Chartered Bank as the joint lead managers on the issue of USD500m Reg S bonds by Bharat Petroleum Corporation Limited.
  • Bharat Petroleum Corporation Limited - Royal Bank of Scotland as the sole arranger and dealer on the USD2 billion MTN Programme establishment by Bharat Petroleum Corporation Limited.
  • Hindustan Petroleum Corporation Limited - Citigroup Global Markets Limited, DBS Bank Ltd., MUFG, SBICAP and Standard Chartered Bank as the joint lead managers on the issue of USD500m Reg S bonds by Hindustan Petroleum Corporation Limited.
Debolina Saha