Sunteck Realty has raised Rs 35 crore through issuance of Commercial Paper (CP). The tenure of the instrument is 70 days and date of maturity is June 18, 2019. The coupon offered is 8.95% per annum (p.a.). The Credit rating agency, CARE Ratings has assigned ‘A1+’ rating to the instrument.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.