India New Issue-Mindspace Business Parks accepts bids for 5-year bonds, bankers say

Mindspace Business Parks REIT

10/05/2024 10:45

MUMBAI, May 10 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  has accepted
bids worth 4.75 billion rupees  ($56.89 million) for bonds maturing in five years, three
merchant bankers said on Friday.
    It had invited coupon and commitment bids for the issue earlier in the day, they said.
    
 Here is the list of deals reported so far on May 10:
                                                                          
 Issuer          Tenure       Coupon (in %)  Issue size (in  Bidding      Rating
                                             bln rupees)*    date         
                                                                          
 Mindspace       5 years      7.96           4.75            May 10       AAA (Crisil,
 Business Parks                                                           Icra)
 REIT                                                                     
                 10 years     7.53           30              May 10       AAA (Crisil,
 REC                                                                      Icra)
                                                                          
 REC March 2031  6 years and  7.57 yield     11.15           May 10       AAA (Crisil,
 bond reissue    10 months                                                Icra)
 Muthoot         3 years and  9.02           7+5             May 13       AA+ (Crisil)
 Finance         2 months                                                 
                 5 years      7.87           7.5+22.5        May 13       AAA (Crisil)
 LIC Housing                                                              
 Finance                                                                  
                                                                          
                 2 years and  8.2450         5+5             May 13       AAA (Crisil,
 India           4 months                                                 Icra)
 Infradebt                                                                
                                                                          
 Cholamandalam   3 years      8.58           3.5             May 10       AA+ (Icra,
 Investment and                                                           India
 Finance                                                                  Ratings)
 Company                                                                  
 
*Size includes base plus greenshoe for some issues

($1 = 83.5000 Indian rupees)

 (Reporting by Bhakti Tambe)
 ((Bhakti.Tambe@thomsonreuters.com))