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MINDSPACE — Mindspace Business Parks REIT News Story

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

MUMBAI, Nov 14 (Reuters) - India's Mindspace Business Parks REIT MINS.NS accepted bids for 7 billion Indian rupees ($79.64 million) for bonds maturing in five years, three bankers said on Friday.

The company will pay a coupon of 7.1485% payable quarterly and had invited commitment bids from bankers and investors for the issue on Thursday, they said.

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

Here is the list of deals reported so far on November 14:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Mindspace Business Parks REIT5 years7.1485 (quarterly)7November 13AAA(Crisil)
*Size includes base plus greenshoe for some issues ($1 = 88.6650 Indian rupees) (Reporting by Dharamraj Dhutia; editing by Rashmi Aich) ((Dharamraj.dhutia@tr.com))

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