India New Issue-Mindspace Business Parks REIT to issue over 3-year bonds - bankers

Mindspace Business Parks REIT

09/03/2023 14:34

MUMBAI, March 9 (Reuters) - India's Mindspace Business
Parks REIT  MINS.NS  plans to raise 5.5 billion rupees ($67.09
million) through bonds maturing in three years and one month,
three merchant bankers said on Thursday. 
    The company will pay a coupon of 8.02% on this bond issue
for which it has invited bids from bankers and investors on
Tuesday. 
    The bonds are rated AAA by ICRA and the issue will be
settled next week. The notes will mature in April 2026. 

($1 = 81.9850 Indian rupees)

 (Reporting by Bhakti Tambe; editing by Uttaresh Venkateshwaran)
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