•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Amarchand Mangaldas for DLF on India's first CMBS issue

Amarchand Mangaldas advised realty giant DLF on India’s first commercial mortgage backed securities (CMBS) issue to raise Rs 3,500 crore this fiscal.

Amarchand Mumbai banking partner Leena Chacko acted for DLF whose CMBS bonds which come close on the heels of new rules allowing developers to raise money through real estate investment trusts, reported Firstbiz.

Firstbiz added that the asset-backed structure of CMBS points to renewed interest in securitisation, and CMBS would help DLF save interest costs by replacing existing debt. DLF had Rs 19,508 crore net debt as on 30 September and its finance cost stood at about Rs 600 crore during the second quarter of the last fiscal, according to ET.

Click to show 9 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.