Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace REIT has raised an additional INR 550 crore through Sustainability Linked Bonds (SLBs) from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. The bonds carry an 8-year tenure and an ICRA AAA (Stable) credit rating. This follows its earlier INR 650 crore SLB issuance in June 2024, bringing total SLB borrowings to INR 1,200 crore. This is the first SLB issued by an Indian REIT under SEBI's new ESG framework introduced in June 2025. The bonds are linked to measurable sustainability targets, including reduction in greenhouse gas emissions, increase in green-certified area, and lower energy intensity.
Positive for unitholders — the AAA rating and IFC backing suggest access to low-cost, long-tenure global capital, strengthening the REIT's balance sheet and reducing refinancing risk. It also positions Mindspace as a sustainability leader, which can attract ESG-focused investors and potentially support unit valuations over time.