Mindspace REIT allotted INR 500 crore in debentures with a 7.63% coupon rate Back

Mindspace Business Parks REIT, managed by K Raheja Corp Investment Managers Private Limited, announced the allotment of 50,000 listed, rated, unsecured, redeemable, transferable, taxable, non-cumulative, non-convertible debentures with a face value of INR 1,00,000 each, totaling INR 500,00,00,000, with a tenor of 2 years 1 month and 2 days and a coupon rate of 7.6335% per annum, payable quarterly, with a final redemption date of September 26, 2028.