Mindspace Business Parks REIT has successfully raised ₹500 crore via the issuance of a 10-year non-convertible debenture, which was fully subscribed by a prominent Indian life insurer. The bonds offer an annual coupon rate of 7.63 percent and have received AAA/Stable ratings from Crisil and ICRA.
The funds raised will primarily be used to refinance existing debt, thereby facilitating stable and long-term financial planning for the REIT. This initiative is part of the REIT’s broader strategy to secure fixed rates, minimize exposure to interest rate volatility, and expand its investor base.
In a statement, CEO Ramesh Nair underscored the strong confidence among investors, while CFO Preeti Chheda highlighted the importance of enhancing cash flow stability. With this latest round of financing, the total capital raised by Mindspace REIT now amounts to approximately ₹16,400 crore.
The announcement was published on May 6, 2026.
