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EMBASSY Embassy Office Parks REIT News Story

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India New Issue-Embassy Office Parks REIT to issue 10-year bonds, bankers say

MUMBAI, Feb 25 (Reuters) - India's Embassy Office Parks REIT EMBA.NS plans to raise 14 billion Indian rupees ($154.04 million) through the sale of bonds maturing in 10 years, three merchant bankers said on Wednesday.

The real estate investment trust has invited bids from bankers and investors on Thursday, they said.

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

Here is the list of deals reported so far on February 25:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Embassy Office Parks REIT10 yearsTo be decided14February 26AAA (Crisil, Care)
*Size includes base plus greenshoe for some issues ($1 = 90.8880 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich) ((Dharamraj.dhutia@tr.com))

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