Oyo hotels seeks $450 Mn bond sale for refinancing

Oyo Hotels is planning to secure up to $450 Mn through dollar bonds as it seeks to replace an existing high-cost loan amid delays in its stock-market debut. As per reports, Oyo’s parent company Oravel Stays Ltd is in talks with bankers for raising $350 Mn-$450 Mn to repay its term loan B, which is due in 2026.