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

Mindspace Business Parks REIT

07/09/2023 04:37

MUMBAI, Sept 7 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  plans to
raise 5 billion rupees ($60.14 million)through bonds maturing in three years and three months,
three merchant bankers said on Thursday.
    The company has invited bids from bankers and investors on Friday, they said. In June, the
company raised 5 billion rupees via bonds maturing in three years and one month at a coupon of
7.75%. 
 
 Here is the list of deals reported so far on Sept. 7
             Issuer                                                            
                                   Coupon (in %)  Issue size (in  Bidding      Rating
                         Tenure                   bln rupees)*    date         
                                                                               
                                                                               
 Mindspace Business      3-yr and  8.03           5               Sept/ 8      AAA (Crisil,
 Parks REIT              3 mnts                                                Icra)
             Bajaj       5-yr      To be decided  2.6 + 13        Sept. 8      AAA (Crisil)
 Finance                                                                       
                                                                               
             Aditya      7-yr      To be decided  7.50            Sept. 8      AA+ (Crisil,
 Birla Fashion                                                                 India Ratings)
                                                                               
             Bahadur     4-yr      9.25           3.50            Sept. 6      AA (Icra)
 Chand Investments                                                             
                                                                               
             HDB         1-yr and   7.70 (yield)            7.20  Sept. 6      AAA (Crisil,
 Financial Services Aug   11 mnts                                              Care)
 2025 reissue                                                                  
                                                                               
             HDB         1-yr and  7.98 (yield)             2.25  Sept. 6      AAA (Crisil,
 Financial Services Jul   10 mnts                                              Care)
 2025 reissue                                                                  
                                                                               
 
*Size includes base plus greenshoe for some issues

($1 = 83.1375 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Bhakti.Tambe@thomsonreuters.com))