Meanwhile,
Godrej properties provides his greatest:
Godrej Properties. Similarly, the real estate subsidiary of Godrej Industries in India, is preparing to solicit the corporate bond market later this month with its largest issue to date, three sources close to the file said.
The property developer is expected to raise around 20 billion rupees ($ 230 million) via the sale of short -term bonds. For example, of a maturity of three to five years, according to the same sources interviewed last week.
“Company could consider turning to the market after the Central Bank’s monetary policy decision this week. in the hope that yields continue to drop,” said one of the sources.
All sources have requested anonymity due to the confidentiality of discussions. Godrej Properties did not respond to a Reuters email requesting a comment.
The obligations are noted ‘AA+’, and it will be the company’s first bond issue for godrej properties provides his greatest almost a year.
Last September, Godrej Properties raised approximately 650 million rupees by bonds at five years with an annual coupon of 8.50 %.
Since September 2023, the company has borrowed 25 billion rupees via bonds. The next operation would carry the total of its emissions in circulation at 45 billion rupees.
Based in Mumbai. the company acquired around 50 acres of land last month intended for high -end residential units in the Indian state of the chhattisgarh.
(1 $ = 87. 2300 Indian rupees)
(Report by Dharamraj Dhutia; writing by Sonia Cheema)
godrej properties provides his greatest — Godrej properties provides his greatest: Godrej Properties, the real estate subsidiary of Godrej Industries in India, is preparing to solicit the corporate bond market later this month with its largest issue to date, three sources close to the file said. The property developer is.
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