India New Issue-Mindspace Business Parks to issue 5-year bonds, bankers say

Mindspace Business Parks REIT

02/05/2024 11:00

MUMBAI, May 2 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  plans to raise
5 billion rupees ($59.90 million) through sale of bonds maturing in five years, three merchant
bankers said on Thursday.
    The company has invited bids from bankers and investors on May 10, they said. 
 
  Here is the list of deals reported so far on May 2: 
             Issuer                                                             
                      Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 Mindspace Business   5 years       To be decided  5               May 10       AAA (Crisil,
 Parks REIT                                                                     Icra)
             NEEPCO   10 years      To be decided  1+4             May 6        AA+ (Careedge,
                                                                                India Ratings
             Muthoot  3 years       8.95           1.9             May 2        AA+ (Crisil,
 Finance                                                                        Icra)
                                                                                
 Muthoot Finance      5 years       9.03           2.5+2.5         May 2        AA+ (Crisil,
                                                                                Icra)
             SMFG     17 months     8.30           5               April 30     AAA (ICRA)
 India Credit                                                                   
                                                                                
             Bajaj    3 years       8.15 (yield)   10.35           April 30     AAA (Crisil)
 Finance                                                                        
 May 2027 reissue                                                               
                                                                                
 Bajaj Finance        10 years      7.93 (yield)   3.29            April 30     AAA (Crisil)
 May 2034 reissue                                                               
 
*Size includes base plus greenshoe for some issues


($1 = 83.4691 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))