NEW DELHI: Signature Global (India) has successfully secured ₹8.75 billion through a private placement of non-convertible debentures (NCDs) with the International Finance Corporation (IFC), the World Bank’s lending arm.
The NCDs received ‘A+’ stable ratings from Care Edge Ratings, marking the company’s first listed debt transaction.
With a coupon rate of 11%, the NCDs have a tenure of three years, two months, and 30 days, maturing on January 15, 2029.
The proceeds will be allocated for developing mid-income housing and environmentally sustainable projects, along with reducing existing debt.
Pradeep Aggarwal, founder and chairman of Signature Global, expressed, “We are committed to advancing this journey and will use the funds primarily for mid-income housing, especially in ESG-aligned projects. Our focus is on developing environmentally sustainable initiatives and meeting all ESG requirements in our future endeavors.”
Currently, Signature Global has 19 EDGE-certified projects and achieved a score of 84 at the Global Real Estate Sustainability Benchmark (GRESB).
In FY25, the company recorded pre-sales of ₹102.9 billion, aiming for ₹125 billion in the current financial year.
As of Q1FY26, Signature Global has a project pipeline of 17.1 million sq ft of newly launched projects and 9.2 million sq ft of ongoing projects, with 24.5 million sq ft planned for development over the next 2-3 years.
