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MINDSPACE — Mindspace Business Parks REIT News Story

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India New Issue-India's Mindspace Business Parks accepts bids for 10-year bonds

MUMBAI, May 6 (Reuters) - India's Mindspace Business Parks REIT MINS.NS has accepted bids worth 5 billion rupees  ($52.83 million) for bonds maturing in 10 years, three bankers said on Wednesday.

The company will pay an annual coupon of 7.63% and had invited coupon and commitment bids from bankers and investors on Tuesday, they said.

The company did not reply to a Reuters email seeking comment.

 Here is the list of deals reported so far on May 6:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Mindspace Business Parks REIT10 years7.635May 5AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 94.6512 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema) ((Dharamraj.dhutia@tr.com))

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