India's Mindspace Business Parks accepts bids for 10-year bonds

About this update from Mindspace Business Parks Reit

India's Mindspace Business Parks REIT NSE:MINDSPACE.RR has accepted bids worth 5 billion rupees ($52.83 million) for bonds maturing in 10 years, three bankers said on Wednesday.The company will pay an annual coupon of 7.63% and had invited coupon and commitment bids from bankers and investors 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 May 6:IssuerMindspace Business Parks REITTenure10 yearsCoupon (in %)7.63Issue size (in bln rupees)*5Bidding dateMay 5RatingAAA (Crisil)*Size includes base plus greenshoe for some issues($1 = 94.6512 Indian rupees)

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