Security Name: 7.94% Mindspace Business Parks Reit 24 Jun 2031
ISIN:
INE0CCU07124
Taxable
Tax Category
24 Jun, 2031
Maturity Date
(5 Yr 11 Mo 29 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
25 Jun, 2024
Allotment Date
NA
Put Date
30 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.94%
Coupon
Variable Others
Coupon Basis
Quote Not Available
Current Yield
15 Sep, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Mindspace Business Parks Reit
The Mindspace concept is one that has revolutionised conventional working environments into thriving communities for global businesses; offering the true fusion of work and recreation. One of the first commercial real estate projects to go completely green; the Business Parks have been meticulously conceived and fabricated to have minimal environmental impact. Mindspace Business Parks are in essence commercial mini cities, built to global standards, which has positively revolutionised the working culture in India.
The ratio in FY24 is 2.51x and it was 1.73x in FY23, indicating increase in the debt level due to increase in the borrowings as well as finance cost of the issuer.
Debt/EBITDA
The ratio in FY24 is 6.23x and it was 11.10x in FY23, indicating decreased debt servicing ability of the issuer due to increase in Interest expense on external debts which led to overall increase in the finance cost .
Interest coverage ratio
Recent News
Mindspace REIT Highlights Benefits of REIT Investments
Jul 03, 2024 | Mindspace Business Parks Reit
Mindspace REIT falls despite recording best ever quarter in Q4FY24, brokerages retain bullishness
May 02, 2024 | Mindspace Business Parks Reit
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE0CCU07124 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 7.94% Mindspace Business Parks Reit 24 Jun 2031 |
| Credit Rating |
|---|
| AAA Stable by ICRA |
| Coupon Frequency |
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| Quarterly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
|---|
| 7.940000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 24/06/2031 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
