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Published on 1/10/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s Emami Realty prices Rs. 6 billion 12% 15-month debentures

By Sarah Lizee

Olympia, Wash., Jan. 10 – Emami Realty Ltd. informed the Bombay Stock Exchange that it priced Rs. 6 billion of 12% 15-month redeemable nonconvertible debentures.

The issue was approved at a board meeting held on Jan. 10.

Emami Realty, formerly Emami Infrastructure Ltd., is a real estate development company based in Kolkata, India.

Issuer:Emami Realty Ltd.
Issue:Redeemable nonconvertible debentures
Amount:Rs. 6 billion
Maturity:15 months
Coupon:12%
Announcement date:Jan. 10

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