India's DLF Cyber City Developers Ltd plans to raise 5 billion rupees ($62.86 million) through sale of bonds maturing in two years, three merchant bankers said on Wednesday.
The real-estate company will pay a coupon of 7.80% on this issue and has invited commitment bids from bankers and investors for the same on Thursday, they said.
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The notes are rated 'AA' by CRISIL and the issue has a call option at end of one year and nine months.
The issue will close for subscription on Friday and will mature on Aug. 12, 2024.
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