Mindspace REIT Allots ₹500 Cr Debentures at 7.63% Coupon

Mindspace Business Parks REIT has announced the allotment of listed, rated, unsecured, redeemable, non-convertible debentures worth ₹500 crore. The debentures have a tenor of 2 years and 1 month, with a coupon rate of 7.6335% per annum, payable quarterly. The final redemption date is set for September 26, 2028. This issuance is part of the REIT's broader strategy to raise funds through debt securities, ensuring its net debt remains within regulatory limits. The move is in compliance with SEBI regulations for REITs and non-convertible securities.