Indiabulls out with maiden bond after double roadshow

By Virginia Furness
06 Nov 2014

One of India’s largest property developers, Indiabulls Real Estate, is in the market with its debut bond. The deal follows hot on the heels of fellow Indian high yield issuer JSW Steel.

Sole lead Deutsche Bank opened guidance for the five year non call three note at 10.25% area on Thursday morning.

The borrower first met investors in Hong Kong and Singapore in mid-October on a non-deal roadshow. It then announced another series of meetings in Asia and ...

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