India New Issue-Embassy Office Parks REIT to issue 2-year bonds - bankers

Embassy Office Parks REIT

01/06/2023 05:35

MUMBAI, June 1 (Reuters) - India's Embassy Office Parks REIT  EMBA.NS  plans to raise
10.50 billion rupees ($127.4 million) through the sale of bonds maturing in two years, three
bankers said on Thursday.
    The company will pay a coupon of 7.77% and has invited bids for the issue on Friday, they
said. 

                                                                          
 Issuer        Tenure             Coupon (in %)  Issue size (in           Rating
                                                 bln rupees)     Bidding  
                                                                 date     
                                                                          
                                                                          
 Embassy             2-yr             7.77           10.50       June 2   AAA (Crisil)
 Office Parks                                                             
 REIT                                                                     
                3-yr and 4 mnts       7.91             5         June 2   AAA (Crisil)
 L&T Finance                                                              
                                                                          
 
*Size includes base plus greenshoe for some issuances

($1 = 82.4364 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Varun H K)
 ((Bhakti.Tambe@thomsonreuters.com))