India New Issue-Mindspace REIT accepts bids for 3-year bonds, bankers say

Mindspace Business Parks REIT

04/03/2026 10:10

MUMBAI, March 4 (Reuters) - India's Mindspace Business Parks REIT MINS.NS accepted bids worth 5.60 billion rupees ($60.85 million) in a sale of bonds maturing in three years, three bankers said on Wednesday.

The company will offer a yield of 7.1652% and had invited commitment bids from bankers and investors 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 March 4:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Mindspace Business Park REIT
3 years
7.1652(yield)
5.60
March 4
AAA (Crisil)
Bank of Baroda
10 years
7.10
100
March 4
AAA (Icra, Care)
Torrent Power
8 years
7.97
6.80
March 6
AA+ (Crisil, India Ratings)
Torrent Power
9 years
7.97
6.75
March 6
AA+ (Crisil, India Ratings)
Torrent Power
10 years
7.97
6.45
March 6
AA+ (Crisil, India Ratings)

*Size includes base plus greenshoe for some issues

($1 = 92.0230 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra)

 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))