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Published on 3/19/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s DLF allots Rs. 10 billion 9¼%, 9½% debentures due 2023

By Sarah Lizee

Olympia, Wash., March 19 – DLF Ltd. informed the Bombay Stock Exchange that it allotted Rs. 10 billion of nonconvertible debentures due March 17, 2023 in two parts on Thursday, according to a notice.

The series A debentures have a 9¼% coupon and the series B debentures have a 9½% coupon.

DLF is a commercial real estate developer based in New Delhi.

Issuer:DLF Ltd.
Issue:Nonconvertible debentures
Amount:Rs. 10 billion
Maturity:March 17, 2023
Coupon:9¼% for series A, 9½% for series B
Allotment date:March 19

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