India New Issue-Embassy Office Parks REIT to issue near 2-yr bonds - bankers
05/01/2024 02:51
MUMBAI, Jan 5 (Reuters) - India's Embassy Office Parks REIT EMBA.NS plans to raise 10
billion rupees ($120.11 million) selling bonds maturing in one year and eight months, three
bankers said on Friday.
The company will pay a coupon of 8.17% on this issue, for which it has invited bids on
Monday. 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. 5:
Issuer Tenure Coupon (in %) Issue size (in Bidding Rating
bln rupees)* date
Embassy Office 1 yr and 8 months 8.17 10 Jan. 8 AAA (Crisil)
Parks REIT
10 To be decided 3 Jan. 8 AAA (Crisil,
HDB Financial yrs(subordinated) Careedge)
Services
Kotak Infra 6 years and 10 8.2030 1.25 Jan. 8 AAA (Crisil,
Debt Fund months ICRA)
*Size includes base plus greenshoe for some issues
($1 = 83.2600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
((Dharamraj.dhutia@tr.com))