India New Issue-Embassy Office Parks REIT accepts bids for near 2-yr bonds - bankers
08/01/2024 11:14
MUMBAI, Jan 8 (Reuters) - India's Embassy Office Parks REIT EMBA.NS has accepted bids
worth 10 billion rupees ($120.31 million) for bonds maturing in one year and eight months, three
bankers said on Monday.
The company will pay a coupon of 8.17% on the issue, for which it had invited bids earlier
in the day. In August, it raised five billion rupees through two-year bonds at 8.03% coupon.
Here is the list of deals reported so far on Jan. 8:
Issuer Tenure Coupon (in %) Issue size (in Bidding Rating
bln rupees)* date
Embassy Office 1 years and 8.17 10 Jan. 8 AAA (Crisil)
Parks REIT 8 mnts
5 years 8.70 2.5 Jan. 8 AA+ (India
Adani Ports Ratings,
and SEZ Icra)
Adani Ports 10 years 8.80 2.5 Jan. 8 AA+ (India
and SEZ Ratings,
Icra)
3 years and 7.77 8.09 Jan. 8 AAA (India
IREDA 4 mnts Ratings,
ICRA)
10 years To be decided 5+17 Jan. 10 AAA (Crisil,
Power Grid Icra Ratings)
Corp of India
Kotak 6 years and 8.2030 1.25 Jan. 8 AAA (Crisil)
Infrastucture 10 mnts
Debt Fund
HDB Financial 9 years ans 8.38 yield 3 Jan. 8 AAA (Crisil)
Services 11 mnts
reissue of Dec
2033 bond
*Size includes base plus greenshoe for some issues
($1 = 83.1180 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sohini Goswami)
((Bhakti.Tambe@thomsonreuters.com))