India New Issue-Knowledge Realty Trust accepts bids for bond issue, bankers say
India New Issue-Knowledge Realty Trust accepts bids for bond issue, bankers say MUMBAI, June 18 (Reuters) - India's Knowledge Realty Trust KNOE.NS accepts bids worth 6 billion rupees ($63.6 million) for bonds maturing in two years and eight months, three bankers said on Thursday.
It will pay a coupon of 7.5397%, and had invited commitment bids for the issue earlier in the day, 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 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Knowledge Realty Trust | 2 years and 8 months | 7.5397% | 6 | June 18 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.3325 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
Recent news on Knowledge Realty Trust
See all newsMorgan Stanley bullish on Indian REITs on strong returns; Mindspace stays top pick
Brief: Blackstone Real Estate Partners Asia Proposes To Sell Up To 25.03% Unit Capital In Knowledge Realty Trust Via OFS--BSE
Blackstone offers to sell up to 25% of India's Knowledge REIT for over $1 billion (updated)
Blackstone proposes to sell up to 25.03% stake in India's Knowledge Realty Trust
Brief: Knowledge Realty Trust Says June-Quarter Consol Profit 2.51 Billion Rupees