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...
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