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MINDSPACE — Mindspace Business Parks REIT News Story

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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

- 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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