India New Issue-Brookfield REIT accepts bids for debut 5-year bonds, bankers say

Brookfield India Real Estate Trust

18/12/2025 10:24

Corrects day in paragraph 1 to Thursday from Tuesday

MUMBAI, Dec 18 (Reuters) - Brookfield India Real Estate Trust BROF.NS has accepted bids worth 20 billion rupees ($221.60 million) for sustainability-linked bonds maturing in five years, three merchant bankers said on Thursday.

The real estate investment trust, the first listed REIT in India, will pay a coupon of 7.06%, and this would be paid on a quarterly basis, they said.

It had invited bids from bankers and investors earlier in the day. International Finance Corporation (IFC) will be the anchor investor for the issue.

Brookfield REIT did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on December 18:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Brookfield REIT
5 years
7.06 (quarterly)
20
December 18
AAA (Crisil, Icra)
Tata Power
3 years
7.05
10
December 18
AA+ (Crisil)
Tata Power
5 years
7.25
10
December 18
AA+ (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 90.2540 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)

 ((Dharamraj.dhutia@tr.com))