Mindspace Business Parks REIT to issue 3-year bonds, bankers say

About this update from Mindspace Business Parks Reit

India's Mindspace Business Parks REIT NSE:MINDSPACE.RR plans to raise 5.60 billion rupees ($61.2 million) by selling bonds maturing in three years, three bankers said on Monday.The company will pay a coupon of 6.96% payable quarterly and had invited commitment bids from bankers and investors for the issue earlier on 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 2: IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRatingMindspace Business Parks REIT3 yearsTo be decided5.60March 4AAA (Crisil)SIDBI3 years and 4 monthsTo be decided20+60March 4AAA (Care, Crisil)*Size includes base plus greenshoe for some issues($1 = 91.4500 Indian rupees)

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