India New Issue-Mindspace Business Parks REIT to issue 7-year bonds, bankers say

Mindspace Business Parks REIT

19/06/2024 03:51

MUMBAI, June 19 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  plans to
raise 6.50 billion rupees (about $78 million) through the sale of bonds maturing in seven years,
three merchant bankers said on Wednesday.
    The company has invited bids from bankers and investors for the issue on Thursday, they
said.
 
 Here is the list of deals reported so far on June 19: 
             Issuer                                                            
                     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                  bln rupees)*    date         
                                                                               
 Mindspace Business  7 years       To be decided  6.50            June 20      AAA (Crisil,
 Parks REIT                                                                    Icra)
             Bank        10 years  To be decided              10  To be        AA+ (Careedge,
 of Maharashtra                                                   decided      Acuite)
                                                                               
 *Size includes base plus greenshoe for some issues

($1 = 83.3880 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))