Knowledge Realty Trust to Issue Debut Bonds

Knowledge Realty Trust, a company supported by Blackstone and Sattva Developers, is issuing its first bonds.

They plan to sell bonds that will last three years.

The company aims to raise around $181.09 million by selling these bonds.

Investors will receive a 7.20% return on their investment, paid every three months.

Major mutual funds are already showing interest.

The company previously announced plans to raise a much larger amount.