Lodha $ bond yield surges in shallow market

Dollar-1---TS

ET Intelligence Group: The prices of dollarNSE 1.30 % denominated bonds issued by Lodha Developers overseas have fallen sharply from $104.13 on August 29,2018 to $88.14 now. They now trade at 23 per cent yield-to-maturity (YTM), leaving markets wonder whether the international bond holders are contemplating stress in the company’s operations amid sluggishness in the Indian realty sector and weakness in the rupee against the dollar.

A fall in bond prices may also reflect low liquidity co ..

[“source=forbes]