Lodha Developers builds bond curve at a cost

The Indian developer paid the highest-ever yield for its debut $200 million bond in the firm's second attempt at foreign fundraising.
Lodha's penchant for high-end projects in Mumbai
Lodha's penchant for high-end projects in Mumbai

Lodha Developers sold a maiden $200 million five-year bond callable in year three early Friday morning, obtaining a relatively small order book of $400 million.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media