DLF Cyber City Developers to issue 3-year bonds, bankers say
India's DLF Cyber City Developers plans to raise 11 billion rupees ($127.50 million) through the sale of bonds maturing in three years, two bankers said on Thursday.
The company will pay a coupon of 6.92% on this issue, which would be payable on a quarterly basis, and has invited bids from bankers and investors on Friday, they said.
The issue will have a call option three months before the bond's maturity.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 24:
Issuer | DLF Cyber City Developers |
Tenure | 3 years |
Coupon (in %) | 6.92 (payable quarterly) |
Issue size (in bln rupees)* | 11 |
Bidding date | July 25 |
Rating | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.2750 Indian rupees)
