Lodha Developers calls $170 million 14% notes due 2023

By Rebecca Melvin

Concord, N.H., March 1 – Lodha Developers International Ltd. plans to redeem early $170 million of its 14% senior secured notes due 2023 (ISIN: XS2125431101), according to a notice.

The notes will be redeemed at 100.25 plus interest on March 12.

The notes are guaranteed by Macrotech Developers Ltd.

Bank of New York Mellon, London branch, is trustee.

The real estate developer is based in Mumbai, India.

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