HONG KONG – Allen & Overy advised CLSA, J.P. Morgan and UBS as underwriters in connection with the issuance by Lodha Developers of an additional USD125 million of high yield notes, which form a single series with the previously issued USD200 million of notes. The notes are guaranteed by Lodha Developers Private Limited and certain of its subsidiaries and are listed on the Singapore Stock Exchange. Proceeds from the tap offering will be used to refinance Lodha’s existing debt.

The Lodha Group is a leading real estate developer in India, with a primary focus on residential real estate development in the Mumbai metropolitan area, and has extended its footprint overseas with two ongoing projects in London.
 
Commenting on the transaction, Allen & Overy partner Amit Singh said: "We were pleased to have assisted our clients and the issuer on this successful high yield bond tap transaction. We continue to be very busy across the debt capital markets space in India and South and South East Asia."

The Allen & Overy team was led by partner Amit Singh, with support from lawyers Michele Discepola, Matthew Lim, Felipe Duque, Julie Song, Dimosthenis Papanikolaou, Saranrat Kunanuvat and Joel Lam. A separate Allen & Overy team led by partner Alexander Stathopoulos with support from Tim Beech, Giancarlo B. Sambalido, Ily Grace Yumul and Regina Lui represented the trustee and tabulation agent.