India New Issue-Mindspace Business Parks accepts bids for bond issue - bankers

Mindspace Business Parks REIT

08/09/2023 07:46

MUMBAI, Sept 8 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  has accepted
bids worth 5 billion rupees  ($60.13 million) for bonds maturing in three years and three
months, three merchant bankers said on Friday.
    The company will pay an annual coupon of 8.03% and had invited bids from bankers and
investors earlier in the day, they said. In June, the company raised 5 billion rupees via bonds
maturing in three years and one month at a coupon of 7.75%.
 
  
 Here is the list of deals reported so far on Sept. 8
             Issuer                                                            
                     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                  bln rupees)*    date         
                                                                               
 Mindspace Business  3-yr and 3    8.03           5               Sept. 8      AAA (Crisil,
 Parks REIT          mnts                                                      Icra)
 NNP Construction    5-yr          Zero-coupon    5.51            Sept. 14     B (Infomerics)
 Motilal Oswal               2-yr           9.50           5 + 4  Sept. 11     AA (Crisil)
 Finvest                                                                       
 
*Size includes base plus greenshoe for some issues



($1 = 83.1550 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))