DLF has announced that DLF Emporio, a subsidiary of DLF Limited, has successfully placed India's first Commercial Mortgage Backed Security (CMBS) issuance of Rs 5.25 billion, with a coupon rate of 10.90% p.a. and legal maturity of 7.5 years.

DLF Emporio owns and operates approximately 3 lakh sq. ft of a Luxury Mall in New Delhi, India.

The CMBS issue is rated CRISIL AA (SO).

This is a landmark issuance, being the first of its kind in the country at a competitive pricing. This shall pave way for more such issuances in future.

The arranger for the issue is Trust Investment Advisors.

Shares of the company gained Rs 5.7, or 2.7%, to settle at Rs 216.55. The total volume of shares traded was 2,344,547 at the BSE (Friday).