India New Issue-Embassy Office Parks REIT accepts bids for 5-year bonds, bankers say
13/12/2024 06:25
MUMBAI, Dec 13 (Reuters) - India's Embassy Office Parks REIT EMBA.NS has accepted bids
worth 7.78 billion rupees ($91.7 million) for bonds maturing in five years, three bankers said
on Friday.
The company will pay a coupon of 7.73% on this issue and had invited bids from bankers and
investors earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 13:
Issuer Tenure Coupon (in %) Issue size (in Bidding Rating
bln rupees)* date
Embassy Office 5 years 7.73 7.78 Dec. 13 AAA (Crisil)
Parks REIT
5 years spread over 15.50 Dec. 17 AA (Crisil)
Fortis MIFOR
Healthcare
REC 10 years and 4 To be decided 7+33 Dec. 17 AAA (Crisil,
months Icra, Care)
REC 15 years To be decided 5+20 Dec. 17 AAA (Crisil,
Dec 2039 reissue Icra, Care)
NHB 6 years, 9 months To be decided 10+30 Dec. 17 AAA (India
and 14 days Ratings, Care)
15 years To be decided 20+26 Dec. 16 AAA (India
NPCIL Ratings)
2 years 7.75 10 Dec. 12 AAA (Icra)
Sundaram Finance
L&T 3 years 7.75 5 Dec. 12 AAA (Crisil)
Finance
5 years and 5 7.40 48.64 Dec. 12 AAA (Crisil,
NABARD months Icra)
IRFC 10 years 7.09 23.45 Dec. 12 AAA (Crisil,
Icra)
* Size includes base plus greenshoe for some issues
($1 = 84.8390 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
((Dharamraj.dhutia@tr.com))