India New Issue-Mindspace Business Parks to issue over 3-yr bonds, bankers say

Mindspace Business Parks REIT

22/11/2024 06:27

MUMBAI, Nov 22 (Reuters) - India's Mindspace Business Parks REIT  MINS.NS  plans to
raise 5 billion rupees ($59.2 million) through the sale of bonds maturing in three years and two
months, three merchant bankers said on Friday.
    The company has invited bids from bankers and investors for the issue on Monday, they said.
    The company did not immediately reply to a Reuters email seeking comment. 
    
 
  Here is the list of deals reported so far on Nov. 22
             Issuer                                                            
                     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                  bln rupees)*    date         
                                                                               
 Mindspace Business  3 years and   To be decided  5               Nov. 25      AAA (Crisil,
 Parks REIT          2 months                                                  Icra)
                         10 years           7.22              10  Nov. 25      AAA (Crisil,
 Ultratech Cement                                                              India Ratings)
                                                                               
 
*Size includes base plus greenshoe for some issues




($1 = 84.4925 Indian rupees)

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