Mindspace REIT raises additional ₹550 crore from IFC, ETRealty

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has raised an additional ₹550 crore via sustainability linked bonds (SLBs) from the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group.

This follows its initial ₹650 crore SLB issuance in June 2024, bringing the total SLB issuance to ₹1,200 crore.

Shardul Amarchand Mangaldas & Co was legal counsel to the issuer for this transaction. Second party opinion (SPO) was provided by Bureau Veritas Industrial Services (India).

The SLB is directly tied to measurable ESG performance targets, ensuring accountability and impact.

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