New Delhi: Realty firm Lodha Group on Friday said its UK subsidiary has raised $200 million (around Rs 1,473 crore) through issuance of bonds in the Singapore market and the amount will be used to repay debt. Lodha Developers International launched $225 million bond-issue on February 27.
J Sagar Associates (JSA) advised the
Talwar Thakore Associates and its international best-friend-firm Linklaters Singapore acted for the joint book runner and lead
Morrison & Foerster advised the issuer and the guarantor as to US and UK laws.
Allen & Overy represented the
Guarantors to the issue are, among others, Macrotech Developers Limited (formerly known as Lodha Developers Limited). The Notes have been listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
The net proceeds of the issue would be used to repay the top real estate developer’s outstanding $324m senior notes due in 2020.
2020-03-06
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.