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MINDSPACE — Mindspace Business Parks REIT News Story

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India New Issue-Mindspace Business Parks REIT to issue 2-year bonds, bankers say

MUMBAI, Sept 10 (Reuters) - India's Mindspace Business Parks REIT MINS.NS plans to raise up to 6 billion rupees ($68.06 million) through the sale of bonds maturing in two years, three bankers said on Wednesday.

It has invited coupon and commitment bids for the issue later in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 10:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Mindspace Business Parks REIT2 yearsTo be decided6September 10AAA( Crisil)
Sundaram Finance2 years7.0510September 10AAA (Crisil)
Bajaj Finance3 years and 3 monthsTo be decided10+10September 10AAA (Crisil)
Manipal Hospitals2 yearsTo be decided53.10September 10AA (India Ratings)
Poonawalla Fincorp3 years7.5810September 9AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 88.1525 Indian rupees) (Reporting by Khushi Malhotra and Dharamraj Dhutia) ((Khushi.malhotra@tr.com Dharamraj.dhutia@tr.com))

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