Macrotech Developers redeems offshore bonds worth $170 mn
Real Estate

Macrotech Developers redeems offshore bonds worth $170 mn

Lodha Group, a real estate conglomerate listed as Macrotech Developers, has redeemed offshore bonds worth $170 million. The company paid off this debt nearly a year before the scheduled maturity of these bonds in March 2023.

The notes that have been redeemed will be cancelled and removed from the Singapore Exchange Securities Trading Limited's (SGX) list. The developer said in a regulatory filing that the balanced Notes of $55,000,000 are still listed on the Singapore Exchange Securities Trading Ltd.

Lodha announced earlier this month that it would repay these offshore bonds in part on March 12.

These bonds are part of a $225 million debt raised by the developer's wholly-owned subsidiary Lodha Developers International Ltd, Mauritius, to fund two luxury residential projects in London: Grosvenor Square and Lincoln Square.

Macrotech Developers formerly Lodha Developers is an Indian multinational real estate company with headquarters in Mumbai, India. Mangal Prabhat Lodha founded it in 1980. In Mumbai, Thane, Hyderabad, Pune, and London, it has built residential and commercial properties. Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai, and Lodha Park are just a few of the company's notable projects. Palava, an integrated smart city near Mumbai, is also credited to the company. On April 19, 2021, the company was renamed Macrotech Developers.

Image Source

Also read: Macrotech Developers to refinance debt up to Rs 2,500 cr by March

Lodha Group, a real estate conglomerate listed as Macrotech Developers, has redeemed offshore bonds worth $170 million. The company paid off this debt nearly a year before the scheduled maturity of these bonds in March 2023. The notes that have been redeemed will be cancelled and removed from the Singapore Exchange Securities Trading Limited's (SGX) list. The developer said in a regulatory filing that the balanced Notes of $55,000,000 are still listed on the Singapore Exchange Securities Trading Ltd. Lodha announced earlier this month that it would repay these offshore bonds in part on March 12. These bonds are part of a $225 million debt raised by the developer's wholly-owned subsidiary Lodha Developers International Ltd, Mauritius, to fund two luxury residential projects in London: Grosvenor Square and Lincoln Square. Macrotech Developers formerly Lodha Developers is an Indian multinational real estate company with headquarters in Mumbai, India. Mangal Prabhat Lodha founded it in 1980. In Mumbai, Thane, Hyderabad, Pune, and London, it has built residential and commercial properties. Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai, and Lodha Park are just a few of the company's notable projects. Palava, an integrated smart city near Mumbai, is also credited to the company. On April 19, 2021, the company was renamed Macrotech Developers. Image Source Also read: Macrotech Developers to refinance debt up to Rs 2,500 cr by March

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code