DLF arm raises funds to the tune of Rs 525 cr

Our Bureau Updated - May 23, 2014 at 07:14 PM.

DLF Emporio, a subsidiary of DLF has raised Rs 525 crore from issuance of Commercial Mortgage Backed Security (CMBS). The funds were raised at a coupon rate of 10.90 per cent per annum and carry a legal maturity of 7.5 years, said DLF in a press statement.

DLF Emporio owns and operates approximately three lakh square feet of a luxury mall in New Delhi.

Trust Investment Advisors Pvt. Ltd was the sole arranger for the issue.

Published on May 23, 2014 13:44