Lodha Developers builds bond curve at a cost

The Indian developer paid the highest-ever yield for its debut $200 million bond in the firm's second attempt at foreign fundraising.
Lodha's penchant for high-end projects in Mumbai
Lodha's penchant for high-end projects in Mumbai

Lodha Developers sold a maiden $200 million five-year bond callable in year three early Friday morning, obtaining a relatively small order book of $400 million.

¬ Haymarket Media Limited. All rights reserved.

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