India New Issue-Embassy Office Parks REIT issues near 21-month bonds, bankers say

Embassy Office Parks REIT

27/06/2025 08:50

MUMBAI, June 27 (Reuters) - India's Embassy Office Parks REIT EMBA.NS raises 7.50 billion rupees ($87.70 million) through the sale of bonds maturing in 1 year 8 months and 20 days, three bankers said on Friday.

It will pay a coupon of 6.9650% on a quarterly basis, and had invited commitment bids for the issue on Thursday, they said.

The company did not respond to a Reuters email seeking comment.

  Here is the list of deals reported so far on June 27:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Embassy Office Parks REIT
1 year 8 months and 20 days
6.9650 (quarterly)
7.50
June 26
AAA (Crisil)
Kotak Mahindra Investments
2 years and 19 days
7.2941
0.75+2.75
June 30
AAA (Crisil)
Kotak Mahindra Investments
3 years, 1 month and 10 days
7.3286
1+3
June 30
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.5230 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Anil D'Silva)

 ((Dharamraj.dhutia@tr.com))