India New Issue-Embassy Office Parks REIT to issue 3-year bonds, bankers say

Embassy Office Parks REIT

25/09/2024 03:46

MUMBAI, Sept 25 (Reuters) - India's Embassy Office Parks REIT  EMBA.NS  plans to raise 9
billion rupees ($107.68 million) through sale of bonds maturing in three years, three bankers
said on Wednesday.
    The company has invited bids from bankers and investors later in the day, they added.
 
 Here is the list of deals reported so far on Sept. 25: 
                                                                           
 Issuer          Tenure        Coupon (in %)  Issue size (in  Bidding      
                                              bln rupees)*    date         Rating
                                                                           
                                                                           
 Embassy Office       3 years  To be decided               9  Sept 25      AAA
 Parks REIT                                                                (Crisil)
 
   * Size includes base plus greenshoe for some issues


  ($1 = 83.5840 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))