off-the-wire

India New Issue-Mindspace Business Parks REIT to issue over 3-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 9 (Reuters) - India's Mindspace Business Parks REIT plans to raise 5.5 billion rupees ($67.09 million) through bonds maturing in three years and one month, three merchant bankers said on Thursday.


The company will pay a coupon of 8.02% on this bond issue for which it has invited bids from bankers and investors on Tuesday.


The bonds are rated AAA by ICRA and the issue will be settled next week. The notes will mature in April 2026.
($1 = 81.9850 Indian rupees) (Reporting by Bhakti Tambe; editing by Uttaresh Venkateshwaran)

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