Godrej Properties Plans Largest-Ever Bond Issue in India
Godrej Properties, a leading real estate developer in India, is set to issue its largest corporate bond to date, aiming to raise around 20 billion rupees. The company recently acquired 50 acres of land in Chhattisgarh for premium residential projects.
Godrej PropertiesCorporate BondReal Estate InvestmentChhattisgarh Land AcquisitionAa Rated BondsReal Estate MumbaiAug 04, 2025
The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further. One of the sources noted, “The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further.” All the sources requested anonymity as the talks are private. Godrej Properties did not respond to a Reuters email seeking comment.
The bonds are rated 'AA+', and this will be the company's first bond issuance in nearly a year. Last September, Godrej Properties raised around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%. Since September 2023, the company has borrowed 25 billion rupees through bonds. The upcoming sale would take its outstanding issuances to 45 billion rupees.
The Mumbai-based firm last month acquired around 50 acres of land for premium plotted residential units in the Indian state of Chhattisgarh. This acquisition is part of Godrej Properties' strategy to expand its footprint in premium residential projects across India. The move is expected to bolster the company's portfolio and enhance its market position in the real estate sector.
Godrej Properties is well-known for its high-quality residential and commercial projects. The company's focus on sustainable and innovative development practices has earned it a strong reputation in the Indian real estate market. The bond issuance is a strategic move to secure funding for future projects and maintain its leadership in the industry.
Frequently Asked Questions
What is the amount Godrej Properties plans to raise through its bond issue?
Godrej Properties plans to raise around 20 billion rupees (approximately $230 million) through its bond issue.
What is the maturity period of the bonds being issued by Godrej Properties?
The bonds being issued by Godrej Properties have a maturity period of three to five years.
What is the rating of the bonds being issued by Godrej Properties?
The bonds being issued by Godrej Properties are rated 'AA+'.
When did Godrej Properties last issue bonds?
Godrej Properties last issued bonds in September 2022, raising around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%.
What recent land acquisition did Godrej Properties make?
Godrej Properties recently acquired around 50 acres of land in the Indian state of Chhattisgarh for premium plotted residential units.
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