Tag: International Finance Corporation

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TVS Emerald Secures ₹425 Crore from IFC for Housing Projects

NEW DELHI: Realty company TVS Emerald has secured Rs 425 crore in equity funding from the International Finance Corporation (IFC) to finance new housing developments. Part of the TVS Group, TVS Emerald announced on Thursday that these funds will assist in the development of two upcoming residential projects, set to launch in the next fiscal year in Chennai and Bengaluru, along with additional projects in the pipeline. The company will allocate Rs 136 crore for the Chennai project and Rs 103 crore for the Bengaluru project. The remaining funds will support further residential ventures over the next two years. The…

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Brookfield India REIT Secures ₹2,000 Cr via Green Bonds

Brookfield India Real Estate Trust has successfully raised Rs 2,000 crore through its first sustainability-linked bonds, with the International Finance Corporation (IFC) as a key anchor investor, according to sources familiar with the matter. Other notable subscribers include a mix of domestic and international institutional investors. The listed REIT is set to issue the bonds with a quarterly coupon of 7.06% over a tenure of five years. This marks the second fundraising effort by Brookfield India REIT in two weeks, following a Rs 3,500 crore equity offering through a qualified institutional placement (QIP) from both domestic and global investors earlier…

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Signature Global secures ₹8.75B through NCDs for housing projects

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…

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Mindspace REIT Secures ₹550 Crore from IFC

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has secured an additional ₹550 crore through sustainability-linked bonds (SLBs) from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This recent issuance follows the initial ₹650 crore SLB issued in June 2024, bringing the total to ₹1,200 crore. Shardul Amarchand Mangaldas & Co acted as legal counsel for this transaction, while Bureau Veritas Industrial Services (India) provided the second-party opinion (SPO). The SLB is linked directly to measurable ESG performance targets, promoting accountability and impact. Published On Aug 20, 2025 at 05:30 PM IST Join a…

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IFC Invests $150M in HDFC Capital’s H-DREAM Fund

Representative image created by AI NEW DELHI: The International Finance Corporation (IFC) has pledged up to $150 million as a leading equity investor in the H-DREAM Fund, a private credit initiative worth $1 billion aimed at advancing the development of sustainable, affordable, and mid-income housing in urban India. The H-DREAM Fund is managed by HDFC Capital Advisors, the private equity division of HDFC Group and a subsidiary of HDFC Bank. With an initial capital of $500 million and an additional $500 million green shoe option, H-DREAM’s goal is to attract long-term investments from both global and domestic institutional investors. The…