Godrej Properties to launch biggest bond issue yet: Sources
MUMBAI: Godrej Properties, the real estate arm of India’s Godrej Industries, plans to enter the corporate bond market later this month with its largest issuance to date, according to three sources familiar with the matter. The company is expected to raise approximately 20 billion rupees ($230 million) by selling short-duration bonds with a maturity between three to five years, the sources revealed last week. “The firm may seek to enter the market following the central bank’s monetary policy decision this week, anticipating further easing of yields,” one source mentioned. All sources spoke on the condition of anonymity due to the…