Brookfield REIT to issue debut 5-year bonds, bankers say

About this update from Brookfield India Real Estate Trust

Brookfield India Real Estate Trust NSE:BIRET.RR plans to raise 20 billion rupees ($220.01 million) through the sale of sustainability-linked bonds maturing in five years, three merchant bankers said on Tuesday.The real estate investment trust, the first listed REIT in India, will pay a coupon of 7.06% on a quarterly basis, they said. It has invited commitment bids from bankers and investors on Thursday. International Finance Corporation (IFC) will be the anchor investor for the issue.Brookfield REIT did not immediately respond to a Reuters email seeking comment.Here is the list of deals reported so far on December 16: IssuerBrookfield REITTenure5 yearsCoupon (in %)7.06 (quarterly)Issue size (in bln rupees)*20Bidding dateDecember 18RatingAAA (Crisil, Icra)*Size includes base plus greenshoe for some issues($1 = 90.9050 Indian rupees)

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