Real Estate

Real Estate Transactions

DLF rental arm raises Rs.1,000-Cr

Business Standard  

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC, has raised INR 1,000 crore through private placement of listed, secured and redeemable non-convertible debentures (NCDs). The funds have been raised at 6.7% annual fixed coupon rate maturing in September 2024. The NCDs will be listed on the Wholesale Debt Market of BSE. The proceeds will be used to refinance its existing debt resulting in interest savings and marks DCCDL's foray into the listed debt capital market and widening its investor base