Global credit funds lend into India. Reaching them takes structure.
Domestic appetite for the ticket is thin or fully priced, and offshore funds are active in exactly your sector — but they will not engage with a domestic-format credit file.
Where most of these mandates start.
Domestic appetite for the ticket is thin or fully priced, and offshore funds are active in exactly your sector — but they will not engage with a domestic-format credit file.
International lenders expect security, covenants and reporting in a form Indian borrowers rarely present at first contact.
How capital providers actually assess this.
Offshore credit expects an internationally legible package: a robust model, enforceable security, defined information covenants and clarity on how funds move in and repayments move out under Indian regulation.
The route matters — ECB, FPI investment in listed debt securities, or an offshore holding-level facility — and each carries different eligibility, cost and reporting consequences.
The parameters this is assessed against.
- Ticket size
- USD 5 Mn – 100 Mn+
- Routes
- ECB, FPI debt investment, offshore holdco facilities
- Security
- Asset cover, share pledge, offshore guarantee structures
- Reporting
- International-standard covenants and periodic reporting
- Timeline
- 12–20 weeks
What has to be on the table.
- Audited financials for the last three years plus latest provisional numbers
- GST returns and bank statements for the last 12 months
- Company profile, shareholding pattern and group structure
- KYC of the entity, promoters and directors
- Board and shareholder resolutions authorising the raise
- FEMA / ECB compliance file, LRN and Form ECB where applicable
- Hedging policy and currency exposure analysis
- Transfer-pricing and tax-structuring opinion for the flow of funds
We understand the capital requirement, structure the transaction and take it to the right capital providers.
Understand the requirement
Whether the offshore route genuinely improves the hedged cost, and which regulatory channel fits the purpose.
Structure the transaction
Route selection, security and guarantee architecture, covenant package, and a hedging strategy sized to the exposure.
Take it to the right capital providers
Offshore credit funds, international institutions and cross-border lending desks with live India appetite.
Term sheets, negotiation and closure
We run competing term sheets side by side, negotiate pricing, covenants and security, manage diligence, and stay on the mandate through documentation and disbursement.
Answers before the first call.
How can Indian companies raise offshore debt?
Principally through External Commercial Borrowing, FPI investment into debt securities, or facilities raised at an offshore holding entity — each with distinct eligibility, cost and reporting requirements.
Is offshore debt actually cheaper?
Only on a fully hedged basis. The comparison must be landed cost after hedging and transaction expenses, not the headline coupon.
What ticket sizes do international credit funds consider?
Most engage from USD 5 Mn upward, with the deepest appetite in the USD 15–60 Mn range for Indian mid-market borrowers.
Share the requirement. We will tell you candidly whether it is fundable, and how.
Senior-led review under a mutual NCND. No retainer — engagement is success-linked. Prefer a detailed brief? Use the full funding requirement form.