iGATE has raised $770 million in a sale of senior notes in the 144a private placement market, Reuters reports. Jefferies and Royal Bank of Canada were the joint bookrunning managers for the deal. The IT company intends to use the proceeds to partially fund the pending acquisition of a majority stake in Patni Computer Systems, adds RTT News. The notes carry a coupon rate of 9.00% and are due to mature on May 1, 2016.

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