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Last Updated : Jan 22, 2019 10:29 PM IST | Source: PTI

Lodha Group to buy back $65-mn bond

The buyback will be a fifth of the overall outstanding of the 2020 bonds issued by the Mauritius-based Lodha Developers International an official statement said on Tuesday.

The Lodha Group has announced a USD 65-million buyback of bonds issued by one of its subsidiaries due in 2020 to help reduce debt.

The buyback will be a fifth of the overall outstanding of the 2020 bonds issued by the Mauritius-based Lodha Developers International an official statement said on Tuesday.

The company has entered into arrangements with JP Morgan Securities to commence the bond buy-back programme for repurchasing on its behalf, it said.
First Published on Jan 22, 2019 10:12 pm
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