India New Issue-Embassy Office Parks REIT accepts bids for 3-year bonds, bankers say

Embassy Office Parks REIT

26/09/2024 03:24

MUMBAI, Sept 26 (Reuters) - India's Embassy Office Parks REIT  EMBA.NS  accepted bids
worth 9 billion rupees ($107.64 million) for bonds maturing in three years, three bankers said
on Thursday.
    The company will pay a coupon of 7.96% and this would be payable on a quarterly basis. It
had invited bids from bankers and investors on Wednesday, they said.
    
 
 Here is the list of deals reported so far on Sept. 26: 
                                                                            
 Issuer           Tenure        Coupon (in %)  Issue size (in  Bidding        Rating
                                               bln rupees)*    date         
                                                                            
 Embassy Office        3 years  7.96 (payable               9  Sept. 25     AAA
 Parks REIT                        quarterly)                               (Crisil)
 
   * Size includes base plus greenshoe for some issues

   ($1 = 83.6140 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))