India, Aug. 20 -- Mindspace Business Parks REIT on August 20 said it has raised an additional Rs.550 crore from the International Finance Corporation (IFC), the World Bank Group's private sector investment arm, through a bond issue. It is the first REIT to issue sustainability-linked bonds under SEBI's new ESG framework.

In a regulatory filing, the company said the additional Rs.550 crore fundraising follows its initial capital raising of Rs.650 crore through the issuance of Sustainability-Linked Bonds (SLBs) in June 2024, bringing the total SLB issuance to Rs.1,200 crore.

The bond tenure is eight years.

According to the company, this issuance marks a landmark moment in India's real estate sector, as the first SLB issuance by an Indian...