India New Issue-Embassy Office Parks REIT accepts bids for bonds - bankers
02/06/2023 10:11
MUMBAI, June 1 (Reuters) - India's Embassy Office Parks REIT EMBA.NS has accepted bids
worth 10.50 billion rupees ($127.4 million) for bonds maturing in two years, three bankers said
on Friday.
The company will pay a coupon of 7.77% and had invited bids for the issue earlier in the
day, they said.
Below is the list of deals reported so far on June 2:
Issuer Tenure
Issue size (in Rating
Coupon bln rupees)* Bidding
(in %) date
Embassy Office Parks REIT 2-yr 7.77 10.50 Jun 2 AAA (Crisil)
L&T Finance 3 yrs and 4 months 7.91 5 Jun 2 AAA (Crisil)
NIIF Infra 9 yrs To be 4.5+0.5 Jun 5 AAA (ICRA,
Finance May 2032 reissue decided Care Ratings)
LIC Housing 2 yrs and 6 months To be 5 + 5 Jun 5 AAA (Crisil)
Finance Nov 2025 reissue decided
* Size includes base plus greenshoe for some issuances
($1 = 82.3150 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
((Dharamraj.dhutia@tr.com))