Royal Orchid is looking for funds to pay debts

Royal Orchid is ready to issue bonds

In brief: Royal Orchid plans to issue bonds to pay the debt. Investors can make concessions.

Royal Orchid Hotels, operating under franchise hotel chain Ramada company Wyndham Worldwide, plans to release the first corporate bond to pay debt and finance the construction of new hotels in Mumbai and Hyderabad.

It is reported that some of the funds raised will go to pay debts amounting to 500 million rupees, as Bonds may become cheaper source of borrowing. It is worth noting that Royal Orchid intends to increase the number of hotels to get a larger share in the hotel market in India.

Anrey Torbinski
2010-08-21 10:32, Economics.

News on: , , , , , , ,

Post a comment