Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT has allotted 55,000 sustainability-linked bonds in the form of listed, rated, secured, redeemable, non-convertible debentures of face value INR 1,00,000 each, aggregating to INR 550 crores. The bonds carry a coupon of 7.414% per annum, payable semi-annually, and have an 8-year tenure with final redemption on August 19, 2033. The issue was placed privately through BSE's Electronic Book Provider (EBP) platform on August 18, 2025, with pricing discovered via uniform yield allotment. This issuance falls within the REIT's total approved borrowing limit of INR 2,800 crores (net of repayments), as cleared by its Executive Committee on July 28, 2025.
The REIT has raised INR 550 crores of long-term debt at a competitive rate, with proceeds likely supporting growth, refinancing, or sustainability-linked capex. The 8-year maturity extends the debt profile, but overall leverage under the REIT structure rises, which unit holders should monitor.