Tag: World Bank Group

Housing FinanceLatest Stories

IFC to Invest ₹300 Crore in Grihum Housing’s RMBS

NEW DELHI: The International Finance Corporation (IFC) aims to enhance homeownership among low- and middle-income families by investing up to ₹300 crore (approximately USD 30 million) in Residential Mortgage-Backed Securities (RMBS) issued by Grihum Housing Finance, a company specializing in affordable housing finance. This issuance aims to stimulate private capital for affordable mortgage lending and develop India’s RMBS market, according to a statement released by the IFC, an entity of the World Bank Group, on Friday. RMBS instruments are securities backed by collections of retail residential mortgages. They enable housing finance providers to transform loan cash flows into tradable securities,…

IndustryLatest Stories

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…