India New Issue-Mindspace REIT accepts bids for 2-year bonds, bankers say
India New Issue-Mindspace REIT accepts bids for 2-year bonds, bankers say MUMBAI, July 31 (Reuters) - India's Mindspace Business Parks REIT MINS.NS accepted bids worth 6 billion rupees ($62.88 million) for bonds maturing in two years, two bankers said on Friday.
The company will pay a coupon of 7.4913% and had invited commitment bids for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 31:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Mindspace Business Park REIT | 2 years | 7.4913 | 6 | July 31 | AAA(Crisil) |
SMFG India Credit Company | 3 years | 7.73 | 11 | July 31 | AAA(Crisil, Care) |
Bajaj Finance | 10 years | To be decided | 5+15 | July 31 | AAA(Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.4175 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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