By Susanna Moon
Chicago, June 25 – Emami Infrastructure Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 1 billion of zero-coupon 18-month redeemable debentures.
The debentures have a bullet payment for the principal with a redemption premium set at a 9.75% extended internal rate of return on the redemption date, according to the term sheet.
Emami Infrastructure is a real estate development company based in Kolkata, India.
| Issuer: | Emami Infrastructure Ltd.
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| Issue: | Redeemable debentures
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| Amount: | Rs. 1 billion
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| Maturity: | 18 months
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| Coupon: | 0%
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| Yield: | 9.75% XIRR
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| Announcement date: | June 25
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