India New Issue-Mindspace Business Parks REIT accepts bids for bonds - bankers

Mindspace Business Parks REIT

01/06/2023 08:52

MUMBAI, June 1 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  has accepted
bids worth 5 billion rupees ($60.6 million) for bonds maturing in three years and one month,
three merchant bankers said on Thursday.
    The company will pay a coupon of 7.75% on this bond issue. In March, the company had raised
5.50 billion rupees through bonds maturing in three years and one month at a coupon of 8.02%.


Below is the list of deals reported so far on June 1:
             Issuer                                                                   
                          Tenure        Coupon (in %)  Issue size (in              Rating
                                                        bln rupees)    Bidding        
                                                                        date    
                                                                                
                                                                                
 Mindspace Business   3-yr and 1 mnt        7.75             5                   AAA (ICRA)
 Parks REIT                                                                     
                           2-yr             7.77           10.50       June 2   AAA (Crisil)
 Embassy Office                                                                 
 Parks REIT                                                                     
                                                                                
             L&T      3-yr and 4 mnts       7.91             5         June 2   AAA (Crisil)
 Finance                                                                        
                                                                                
 
*Size includes base plus greenshoe for some issuances


($1 = 82.5000 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))