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Lodha Developers International completes $125 million bond offering

December 2017

Client(s) Lodha Developers Private Limited

Jones Day advised Lodha Developers International Limited (LDIL), a subsidiary of Lodha Developers Private Limited, one of India's largest real estate developers, in connection with its $125 million tap issuance of 12% Senior Notes due 2020 in a Regulation S offering. The notes issue is consolidated into and forms a single series with Lodha Developers Private Limited's existing US$200 million Senior Notes due 2020 which were originally issued March 2015. The Notes are guaranteed by the issuer’s Indian parent company, Lodha Developers Private Limited, and certain Indian subsidiaries of Lodha Developers Private Limited, and listed on the Singapore Stock Exchange.

J.P. Morgan plc, CLSA Limited, and UBS AG, Singapore Branch acted as initial purchasers for the offering.

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