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Mindspace REIT completes first REIT level green bond issuance in India

16 Mar 2023 Evaluate

Mindspace Business Parks REIT (Mindspace REIT) has completed the first REIT level Green Bond issuance in India. Through this issuance, Mindspace REIT has raised Rs 550 crore with a tenor of three years and thirty days at a fixed quarterly coupon of 8.02% per annum payable quarterly. The issuance is rated CRISIL AAA/Stable and (ICRA) AAA (Stable) by CRISIL Ratings and ICRA respectively.

Mindspace Business Parks REIT is an India-based real estate investment trust (REIT).

Peers
Company Name CMP
Bajaj Finserv 1702.75
TVS Holdings 11222.85
Cholamandalam Fin. 1360.95
Altius Telecom Infra 171.48
Kama Holdings 2263.80
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