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DLF aims to launch Rs 3,600 crore CMBS issue in next two months

The largest realty firm of India DLF is planning to raise around Rs 3,600 crore this quarter through the issue of securities backed by its IT-SEZ as a part of the strategy to replace costlier debt.

DLF is also planning to launch its first Real Estate Investment Trust (REIT) this fiscal for the purpose of monetising its commercial assets.

Ashok Tyagi, DLF’s Chief Financial Officer said, “We are actively working with rating agency and investment bankers for the Commercial Mortgage Backed Securities (CMBS) issue.” Whereas he did not give any time frame for the launch of CMBS.

The shares of DLF surges as much as 2.2 per cent in intraday  on Tuesday following this report.

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