Ranajoy Basu focuses his practice on structured finance with key experience in debt capital markets transactions. He has a broad range of experience in international capital markets advising a wide range of participants, including arrangers, originators, servicers and trustees, in connection with the securitisation of a wide variety of assets in numerous jurisdictions, including emerging markets transactions.
Ranajoy has a particular focus on emerging markets transactions, and is recognised as an industry leader by both, Legal 500 and Chambers. He joins as the Head of the Firm’s India practice. He regularly advises on a broad range of capital markets and complex structured finance transactions including external foreign currency convertible bonds (FCCBs) and qualified institutional placements (QIPs) relating to India. He has advised banks on some of the largest corporate debt defaults and restructuring in India.
Ranajoy is recognised as one of the World’s leading lawyers in cross-border social impact finance structures, including social and development impact bonds, renewable energy and “green” structured finance transactions. Ranajoy has advised on some of the most innovative financial inclusion structures around the world, including the Educate Girls Social Impact Bond, which aims to improve the education of children in India, and the recent ground-breaking Utkrisht Bond, which is aimed at reducing maternal and infant mortality. Ranajoy continues to advise foundations, governments, NGOs, impact funds and financial institutions on structuring social impact finance solutions. He recently advised on the ground breaking International Finance Facility for Education, which is the largest funding mechanism targeting education programmes around the world.
Ranajoy is recognised as a pioneer in impact investment. His work has included the market leading ‘Educate Girls’ bond which was the first development impact bond of its kind. His clients have ranged from GAVI, UNICEF, World Bank, IFC, to governments, financial institutions, funds, charitable institutions, NGOs and microfinance institutions around the world. He has been involved on ground breaking work for Wattpad, Theirworld and The Global Business Coalition for Education.
Acted for US Bank and Elavon Financial Services Limited on a publicly listed solar securitisation involving the issue of GDP£66 million secured RPI-linked bonds for The Renewable Financing Company (TRFC), a platform that provides debt financing for renewable energy assets*
Acted for African Bank in relation to its US$6 million EMTN Programme*
Represented US Bank and Elavon in relation to a £60,000,000 index-linked solar securitization*
Advised Citibank in connection with the project financing of the Concesión Pacífico Tres, the first 4G Colombian public infrastructure financing project (worth COP1.3 billion)*
Acted for Citi in relation to Eur€365 million high-yield bond issuance by Garfunkel, one of the largest receivables management companies in Europe*
Acted for Capita in relation to the sale by the UK Treasury of GBP 13,000,000,000 of Northern Rock mortgages to Cerberus Capital Management*
Advised Capita on the GBP 6.1 billion securitisation of a portfolio of UK residential mortgage loans by Cerberus European Residential Holdings, the largest transaction of its kind since the global financial crisis*
Advising Wilmington, Deutsche Bank and Intertrust on several securitisation matters restructuring post-financial crisis*
Advised Deutsche Bank on Lloyds GBP 2.32 billion residential mortgage backed securitisation*
Advised the Ministry of Finance for the Republic of Kazakhstan on its Reg S/Rule 144a US$10 billion medium term note programme*
Acted for Thames Water Utilities Cayman Finance Limited as issuer on GBP 1,900,000,000 medium term note programme*
Acted for African Bank in relation to its US$6,000,000,000 medium term note programme*
Acted for African Bank in relation to its Rand 4,000,000,000 Rights Offering*
Advised the Bank of Bahrain & Kuwait B.S.C on its US$2,000,000,000 medium term note programme*
Acted on the market leading Educate Girls Bond, the first cross-border development impact bond in the World*
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