India New Issue-Embassy Office Parks REIT accepts bids for 2-year bonds - bankers

Embassy Office Parks REIT

31/08/2023 10:23

MUMBAI, Aug 31 (Reuters) - India's Embassy Office Parks REIT  EMBA.NS  has accepted bids
worth 5 billion rupees for bonds maturing in two years, three bankers said on Thursday.
    The company will pay a coupon of 8.03% on this issue, for which it had invited bids earlier
in the day. Earlier this month, it had raised 5 billion rupees through five-year bonds at 8.10%
coupon.

  Here is the list of deals reported so far on Aug. 31:
                                                                           
 Issuer          Tenure        Coupon (in %)  Issue size (in  Bidding      
                                              bln rupees)*    date         Rating
                                                                           
                                                                           
 Embassy Office          2-yr           8.03               5  Aug. 31      AAA
 Parks REIT                                                                (Crisil
                                                                           , Care)
 
*Size includes base plus greenshoe for some issuances


 (Reporting by Bhakti Tambe; Editing by Nivedita Bhattacharjee)
 ((Bhakti.Tambe@thomsonreuters.com))