India New Issue-Embassy Office Parks REIT accepts bids for bond issue, bankers say
India New Issue-Embassy Office Parks REIT accepts bids for bond issue, bankers say MUMBAI, Sept 24 (Reuters) - India's Embassy Office Parks REIT EMBA.NS accepted bids worth 10 billion rupees ($104.23 million) for sale of bonds maturing in three years, three bankers said on Thursday.
The company will pay a coupon of 150 basis points over the three-month overnight index swap rate, which currently works out to 6.97%. It had invited commitment bids for the issue on Wednesday, the bankers said.
The firm did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Embassy Office Parks REIT | 3 years | floating | 10 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.9450 Indian rupees)
(Reporting by Dharamraj Dhutia)
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