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Mindspace REIT raises Rs 500 crore via 10 year NCD issue at 7 63 percent coupon
Business
Published on 6 May 2026
A single insurer fully subscribed the entire offer
Mindspace Business Parks REIT has raised Rs 500 crore through a 10-year NCD issue, priced at a 7.63% coupon. The offer was fully subscribed by an insurer. The funds will be used to refinance existing debt, improve cost predictability, and strengthen long-term financial stability supported by strong credit ratings.
- Mindspace REIT raised Rs 500 crore via 10-year NCDs
- Coupon rate set at 7.63% and fully subscribed by an insurer
- Issue proceeds will refinance debt and improve predictability
- Backed by strong credit ratings and diversified participation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times