Mindspace Business Parks REIT Completes ₹1,344.89 Crore Interest Payment on Non-Convertible Debentures
Mindspace Business Parks REIT completed ₹1,344.89 crore in quarterly interest payments across 12 NCD series for Q4 FY26, executing payments on March 27, 2026, ahead of the March 31 due date. The portfolio includes ₹7,040 crore in total issue size spanning various series including a Green Bond, with all payments made on quarterly frequency and no outstanding obligations remaining.

*this image is generated using AI for illustrative purposes only.
Mindspace Business Parks REIT has successfully completed quarterly interest payments totaling ₹1,344.89 crore across 12 series of Non-Convertible Debentures (NCDs) for the quarter ended March 31, 2026. The payments were executed on March 27, 2026, four days ahead of the scheduled due date of March 31, 2026.
Comprehensive NCD Portfolio Performance
The REIT's debt portfolio comprises 12 active NCD series with a combined issue size of ₹7,040 crore. The interest payments cover various series ranging from NCD Series 4 to Series 16, including one Green Bond series. All payments were made on a quarterly frequency basis with March 16, 2026 serving as the interest payment record date.
| Series | ISIN | Issue Size (₹ Crore) | Interest Paid (₹ Crore) |
|---|---|---|---|
| NCD Series 4 | INE0CCU07066 | 500.00 | 95.07 |
| Green Bond Series 5 | INE0CCU07074 | 550.00 | 108.76 |
| NCD Series 6 | INE0CCU07082 | 500.00 | 95.55 |
| NCD Series 7 | INE0CCU07090 | 500.00 | 99.00 |
| NCD Series 8 | INE0CCU07108 | 340.00 | 66.48 |
| NCD Series 9 | INE0CCU07116 | 500.00 | 98.14 |
| NCD Series 10 | INE0CCU07124 | 650.00 | 127.26 |
| NCD Series 11 | INE0CCU07132 | 500.00 | 92.96 |
| NCD Series 12 | INE0CCU07140 | 600.00 | 106.52 |
| NCD Series 14 | INE0CCU07165 | 600.00 | 103.56 |
| NCD Series 15 | INE0CCU07173 | 700.00 | 123.39 |
| NCD Series 16 | INE0CCU07181 | 1,200.00 | 205.94 |
Timely Debt Service Management
The REIT demonstrated efficient debt management by completing all payments ahead of schedule. The previous interest payment cycle was completed on December 29, 2025, maintaining the quarterly payment frequency across all series. No delays or payment issues were reported for any of the NCD series during this quarter.
Green Finance Initiative
Notably, the portfolio includes Green Bond Series 5 with an issue size of ₹550 crore, reflecting the REIT's commitment to sustainable financing. This series paid ₹108.76 crore in interest for the quarter, representing one of the larger individual payments in the portfolio.
Regulatory Compliance
The interest payments were made in compliance with Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all interest obligations due for the quarter ended March 31, 2026 have been fulfilled, with no unpaid obligations remaining in respect of interest or principal for any of the listed NCDs.
The successful completion of these payments reinforces Mindspace Business Parks REIT's strong financial discipline and commitment to meeting its debt obligations in a timely manner.
Historical Stock Returns for Mindspace Business Parks REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.49% | -1.72% | -2.81% | -1.37% | +24.08% | +48.66% |
Will Mindspace Business Parks REIT consider expanding its green bond portfolio beyond the current ₹550 crore Series 5 to fund future sustainable development projects?
How might the REIT's consistent early debt payments impact its credit rating and borrowing costs for future NCD issuances?
What is the maturity schedule for these 12 NCD series, and does the REIT plan to refinance or repay them at maturity?

































