New Delhi: Mumbai-based Lodha group’s subsidiary in United Kingdom has raised USD 200 million by issuing bonds in Singapore market.
The money will be utilized to fully repay outstanding USD 324 million senior notes that are due for repayment on 13 March, 2020.
“We closed the bond raise of $200 million with leading global investors. Several existing investors increased their position. Bankers to the deal were JP Morgan, UBS and CLSA.” said Abhishek Lodha, managing director and chief executive office Macrotech Developers Ltd in a statement.
The repayment of this USD 200 million is due in 2023.
Lodha Developers International is the UK subsidiary of Macrotech Developers (formerly Lodha Developers).