News
Mindspace Business Parks REIT has raised INR 550 Crore through Sustainability-Linked Bonds (SLBs) from the International Finance Corporation (IFC), the private investment arm of the World Bank Group
Mindspace Business Parks REIT, developer of Grade-A office assets, has raised an additional ₹550 crore through Sustainability-Linked Bonds (SLBs) from the International Finance Corporation (IFC), the private investment arm of the World Bank Group. This follows its maiden SLB issuance of ₹650 crore in June 2024, taking the total SLB funding to ₹1,200 crore.
The latest issuance is the first by an Indian REIT under the Securities and Exchange Board of India ’s (SEBI) new ESG framework for debt securities, notified on June 5, 2025. The framework sets enhanced standards for transparency, independent review, and ongoing compliance in ESG-linked instruments, positioning this transaction as a landmark moment in India’s real estate financing.
“With this issuance, we’re taking a big step forward on our sustainability journey. Being the first REIT to raise Sustainability Linked Bonds under SEBI’s new ESG framework shows our intent to lead from the front. Partnering with IFC gives us global backing, and it will help us drive energy efficiency, add more green-certified space , and build a portfolio that’s ready for the future,” said Ramesh Nair, MD and CEO, Mindspace REIT
Source: The Economic Times