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MINDSPACE — Mindspace Business Parks REIT News Story

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India New Issue-Mindspace REIT to issue 10-year bonds, bankers say

MUMBAI, April 30 (Reuters) - India's Mindspace Business Parks REIT MINS.NS plans to raise 5 billion rupees ($52.6 million)by selling bonds maturing in 10 years, three bankers said on Thursday.

The company has invited coupon and commitment bids from bankers and investors for the issue on Tuesday, they said.

The company did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on April 30:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Mindspace Business Parks REIT10 yearsTo be decided5May 5AAA (Crisil)
Cholamandalam Investment and Finance Company3 years and 1 month8.085+10May 4AA+ (Icra)
*Size includes base plus greenshoe for some issues ($1 = 95.1050 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala) ((Dharamraj.dhutia@tr.com, Khushi Malhotra))

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