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

Embassy Office Parks REIT

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))