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Mindspace Business Parks REIT raises INR 5 billion through 10-year bonds

#Taxation & Finance News#India
Last Updated : 8th May, 2026
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Synopsis

Mindspace Business Parks REIT has successfully secured INR 5 billion through the issuance of 10-year bonds, attracting interest from bankers and investors. The bonds carry an annual coupon of 7.63 percent and were rated AAA by Crisil, indicating strong credit quality. The bidding process saw participation from multiple market players, reflecting continued confidence in REIT-backed instruments. The issue size includes base and greenshoe portions where applicable. The company has not issued any official statement on the development so far.

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Mindspace Business Parks REIT has accepted bids worth INR 5 billion for its 10-year bond issuance, according to information shared by three bankers involved in the transaction. The fundraising reflects ongoing activity in India’s debt market, particularly among real estate investment trusts seeking stable long-term capital.


The bonds will carry an annual coupon of 7.63 percent. The company had invited bids from bankers and investors in the past week, seeking both coupon and commitment offers as part of the process. Market participants indicated that the response was in line with expectations, considering the REIT’s established portfolio and steady rental income base.

The issue has been assigned a AAA rating by Crisil, highlighting a high level of creditworthiness and low risk of default. The total issue size of INR 5 billion includes both the base issue and any greenshoe option, which allows the issuer to retain additional subscription demand if required.

Mindspace Business Parks REIT did not respond to queries seeking official confirmation or comments on the development.

In recent years, REITs in India have increasingly turned to bond markets to diversify their funding sources. Mindspace, which manages a portfolio of commercial office assets across key cities, has previously accessed debt markets to refinance existing liabilities and support expansion plans. The steady demand for office spaces in select urban centres has supported investor confidence in such instruments despite broader market fluctuations.

Source Reuters
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