Mindspace Business Parks REIT Approves Allotment of INR 560 Crores Debentures

Mindspace Business Parks REIT has approved the allotment of 56,000 listed, rated, secured, redeemable, transferable, taxable, non-cumulative, non-convertible debentures of face value of INR 1,00,000 each for principal amount aggregating to INR 560,00,00,000. The debentures carry a coupon rate of 7.1652% per annum, payable quarterly, and have been allotted for a tenor of 3 years, with the final redemption date being March 05, 2029. The allotment was made for an aggregate issue size of INR 560,00,00,000, and the consideration received was INR 560,30,75,000, based on the issue price discovered through the multiple yield allotment method, resulting in a total premium of INR 30,75,000.