India New Issue-Embassy Office Parks REIT to raise 7.5 billion rupees via over 1-year bonds, bankers say

Embassy Office Parks REIT

25/06/2025 06:08

MUMBAI, June 25 (Reuters) - India's Embassy Office Parks REIT EMBA.NS plans to raise 7.5 billion rupees ($87.26 million) through the sale of bonds maturing in 1 year 8 months and 20 days, three bankers said on Wednesday.

It will pay a coupon of 6.9650% on a quarterly basis, and has invited commitment bids for the issue on Thursday, they said.

The company did not immediately respond to a Reuters email seeking comment.

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

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Embassy Office Parks REIT
1 year 8 months and 20 days
6.9650 (quarterly)
7.5
June 26
AAA (Crisil)
Axis Finance
3 years
To be decided
2+3
June 26
AAA (Crisil)
SMFG India Credit
3 years
To be decided
6.6
June 25
AAA (India Ratings)
Highways Infra Trust
3 years
To be decided
8+4
June 25
AAA (Crisil)
Lakadia Banaskantha Transco
17 years and 9 months
7.70 (quarterly)
4.79
July 1
AAA (Crisil, Icra)
Lakadia Banaskantha Transco
19 years and 3 months
7.84 (quarterly)
1
July 1
AAA (Crisil, Icra)
ICICI Bank
15 years
To be decided
5+5
June 26
AAA (Care, Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.9500 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia)

 ((Khushi.malhotra@tr.com; Dharamraj.dhutia@tr.com))