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

Mindspace Business Parks REIT

31/05/2023 03:38

MUMBAI, May 31 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  plans to
raise 5 billion rupees ($60.45 million) through bonds maturing in three years and one month,
three merchant bankers said.
    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 May 31:
             Issuer                                                          
                     Tenure                     Issue size (in  Bidding      Rating
                                      Coupon    bln rupees)     date         
                                      (in %)                                 
                                                                             
                                                                             
 Mindspace Business   3-yr and 1 mnt      7.75               5  Jun 1        AAA (ICRA)
 Parks REIT                                                                  
 Shriram Finance     9-yr and 5 mnts  To be              1 + 1  Jun 1        AA+ (Crisil)
 Oct 2032 reissue                     decided                                
 
*Size includes base plus greenshoe for some issuances



($1 = 82.7100 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))