MUMBAI, Dec 16 (Reuters) - Brookfield India Real Estate Trust BROF.NS plans to raise 20 billion rupees ($220.01 million) through the sale of sustainability-linked bonds maturing in five years, three merchant bankers said on Tuesday.
The real estate investment trust, the first listed REIT in India, will pay a coupon of 7.06% on a quarterly basis, they said.
It has invited commitment bids from bankers and investors on Thursday. International Finance Corporation (IFC) will be the anchor investor for the issue.
Brookfield REIT did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on December 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Brookfield REIT | 5 years | 7.06 (quarterly) | 20 | December 18 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 90.9050 Indian rupees)
(Reporting by Dharamraj Dhutia)
((Dharamraj.dhutia@tr.com))
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