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

Embassy Office Parks REIT

25/08/2023 10:35

MUMBAI, Aug 25 (Reuters) - India's Embassy Office Parks REIT  EMBA.NS  has accepted bids
worth 5 billion rupees ($60.51 million) for bonds maturing in five years, three bankers said on
Friday.
    The company will pay a coupon of 8.10% and had invited bids for the issue earlier in the
day, they said. In June, it had raised 10.50 billion rupees through two-year bonds at 7.77%
coupon.
 
 Here is the list of deals reported so far on Aug. 25: 
 Issuer           Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                               bln rupees)*    date         
 Embassy Office   5-yr          8.10           5               Aug. 25      AAA (Crisil,
 Parks REIT                                                                 Care)
 Tata             3-yr          7.75           17.50           Aug. 28      AAA (Care)
 Communications                                                             
 
*Size includes base plus greenshoe for some issuance
 
($1 = 82.6329 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))