Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Knowledge Realty Trust has successfully accepted bids worth INR 6 billion through a bond issuance with a tenure of two years and eight months. The issue attracted commitment bids and was priced at a coupon rate of 7.5397%. The transaction adds to the recent activity in India's corporate bond market, where highly rated issuers continue to access debt funding amid stable interest rate conditions. The bonds carry the highest domestic credit rating of AAA from Crisil and ICRA, reflecting strong credit quality and investor confidence in the trust's financial profile.
Knowledge Realty Trust has accepted bids worth INR 6 billion for a bond issue with a maturity period of two years and eight months, according to market participants familiar with the transaction.
The bonds have been priced at a coupon rate of 7.5397%. The company had invited commitment bids for the issue earlier in the day before finalising the fundraising.
The issue is rated AAA by Crisil and ICRA, indicating the highest level of creditworthiness assigned by domestic rating agencies. The strong rating is expected to have supported investor interest in the offering.
Knowledge Realty Trust is among the latest issuers to tap the domestic debt market as companies and real estate-linked entities continue to explore bond financing to diversify funding sources and optimise borrowing costs. The Indian corporate bond market has witnessed steady activity in recent months, with highly rated borrowers attracting demand from institutional investors including mutual funds, insurance companies and pension funds.
The INR 6 billion issue size includes the base issue and any potential greenshoe component, where applicable. The company had not issued an immediate response to media queries regarding the transaction at the time the deal details emerged.
According to market participants, the fundraising was completed through a bond issuance carrying a tenure of two years and eight months, with the final coupon fixed at 7.5397%. The successful placement reflects continued investor appetite for debt instruments issued by entities with strong credit profiles despite evolving market conditions.
Source Reuters
Advertisement
Facebook
Whatsapp
