Cases & Deals

  • Home
  • Practices
  • Lodha Developers International issues 12% Senior Notes in Regulation S offering

Share

Lodha Developers International issues 12% Senior Notes in Regulation S offering

March 2015

Client(s) Lodha Developers Private Limited

Jones Day represented Lodha Developers International Limited in connection with its issuance of US$200 million of 12% Senior Notes due 2020 in a Regulation S offering. J.P. Morgan plc, Barclays Bank plc, and CLSA Limited acted as initial purchasers. The Notes are guaranteed by the issuer’s Indian parent company, Lodha Developers Private Limited, certain Indian subsidiaries of Lodha Developers Private Limited, and a related Mauritius joint venture entity and are listed on the Singapore Stock Exchange.

Lodha Developers Private Limited, a residential real estate developer, was founded in 1980 and in 2014 was the largest real estate developer in India by sales. The offering represents one of the first U.S. dollar denominated high yield offerings by an Indian company.

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.