India New Issue-Macrotech Developers to issue 3-year bonds - bankers

Lodha Developers

29/08/2023 04:47

MUMBAI, Aug 29 (Reuters) - India's Macrotech Developers  MACE.NS  plans to raise 4.05
billion rupees ($49.03 million)through a sale of bonds maturing in three years, two merchant
bankers said on Tuesday.
    It has invited bids from bankers and investors on Wednesday. 
    
 Here is the list of deals reported so far on Aug. 29: 
                                                                        
 Issuer       Tenure        Coupon (in %)  Issue size (in  Bidding        Rating
                                           bln rupees)*    date         
                                                                        
 Macrotech            3-yr           9.50            4.05  Aug. 30      A+ (Icra)
 Developers                                                             
 
*Size includes base plus greenshoe for some issuances



($1 = 82.6030 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))