Lodha Developers hopes for second-time lucky

The Indian real estate company is returning to the global debt market for a second time citing better market conditions.
India on track to join Asia's high-yield market
India on track to join Asia's high-yield market

Lodha Developers is attempting a second Reg S-only dollar-denominated bond issuance after failing to raise one back in December, blaming market head winds.

Fixed income investor meetings begin on Wednesday in Singapore and Hong Kong, according to a source familiar with the matter.

It is still early, so there is no price guidance as yet, but Barclays, CLSA and JP Morgan have been mandated by the issuer to arrange the meetings. Back in December, when Lodha postponed a five-year bond with the option to call in year three, initial price terms were around mid-to-high 10% area. Bank of America Merrill Lynch and JP Morgan were...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222