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 70,000 listed, rated, secured, redeemable non-convertible debentures with a face value of INR 1,00,000 each, raising INR 700 crores in total. The debentures carry a coupon rate of 7.1485% per annum, payable quarterly, with a tenor of about 4 years and 364 days, maturing on November 15, 2030. The issue was priced through the multiple yield allotment method, with the REIT receiving a slight premium of about INR 56.9 lakhs over the principal amount. This allotment follows the October 17, 2025 board approval to raise debt while keeping consolidated net borrowings below 33% of total assets.
The REIT has successfully raised INR 700 crores at a competitive 7.15% coupon, strengthening its liquidity for growth or refinancing needs without breaching debt limits. For unitholders, this is a measured debt raise at an attractive rate, but it slightly increases leverage and future interest obligations.