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

About this update from Mindspace Business Parks Reit

India's Mindspace Business Parks REIT NSE:MINDSPACE.RR 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 REIT3 years7.1652(yield)5.60March 4AAA (Crisil) Bank of Baroda 10 years7.10100March 4AAA (Icra, Care)Torrent Power 8 years7.976.80March 6AA+ (Crisil, India Ratings)Torrent Power 9 years7.976.75March 6AA+ (Crisil, India Ratings) Torrent Power 10 years7.976.45March 6AA+ (Crisil, India Ratings)*Size includes base plus greenshoe for some issues($1 = 92.0230 Indian rupees)

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