India New Issue — Embassy Office Parks REIT accepts bids for bond issue, bankers say

MUMBAI, Sept 24 (Reuters) — India's Embassy Office Parks REIT accepted bids worth 10 billion rupees ($104.23 million) for sale of bonds maturing in three years, three bankers said on Thursday. The company will pay a coupon of 150 basis points over the three-month overnight index swap rate, which currently works out to 6.97%. It had invited commitment bids for the issue on Wednesday, the bankers said. The firm did not respond to a Reuters email seeking comment. Here is the list of deals reported so far on September 24: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date Embassy Office 3 years floating 10 September AAA (Crisil, Parks REIT 23 Care) Size includes base plus greenshoe for some issues ($1 = 95.9450 Indian rupees) (Reporting by Dharamraj Dhutia) ((Dharamraj.dhutia@tr.com)