New Delhi, Oct. 28 -- Real estate player, Signature Global (India) Ltd, on Tuesday announced that it has raised Rs 8.75 billion through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC), the lending arm of the World Bank.

The NCDs, which are assigned 'A+' stable ratings by Care Edge Ratings, have already been listed on BSE and its marks the first ever listed debt transaction of Signature Global, thus strengthening the company's capital market presence in partnership with IFC.

Having a coupon rate of 11 per cent, the tenure of the NCDs is for 3 years, 2 months and 30 days. The NCDs will mature on January 15, 2029.

Signature Global will utilise the proceeds to develop mid-income housi...