According to reports from The Economic Times and PTI, NDR InvIT Trust successfully raised ₹410 crore through a fully subscribed bond issuance. The issuance was anchored by the International Finance Corporation (IFC), with participation from India Infrastructure Finance Company Limited (IIFCL), which subscribed to ₹205 crore of the total issue. The strong participation from marquee institutional investors underscores continued confidence in NDR InvIT's business model, asset quality, and growth strategy, with the company announcing the successful closure of the bond issuance reflecting strong investor demand for high-quality infrastructure-backed assets.
As reported by The Economic Times, the bonds are secured, rated, listed, redeemable non-convertible debentures with a tenor of 5 years and carry a coupon of 7.61%. The issuance is rated AAA (Stable) by leading rating agencies, indicating a high degree of safety regarding timely servicing of financial obligations. The strong rating reflects the quality of NDR InvIT's asset portfolio and financial position, with the company emphasizing that the bonds are secured and carry a competitive coupon rate.
According to The Economic Times and PTI, the proceeds from the issuance will be primarily utilized towards the acquisition of warehousing assets, in line with the Trust's strategy to expand its high-quality logistics and warehousing portfolio across key markets in India. This capital raise will further strengthen NDR InvIT's platform and support its long-term growth plans in the infrastructure sector, focusing specifically on logistics and warehousing expansion across key Indian markets.
As reported by The Economic Times, NDR InvIT Trust has an AUM of 22.17 million square feet. The Trust's portfolio spans over 67 warehouses and 39 industrial parks across 17 cities in India, leased to more than 100 tenants across sectors such as third-party logistics, e-commerce, technology, engineering, automobiles, white goods, retail, and FMCG. Through its platform, NDR InvIT Trust focuses on enabling sustainable economic and social growth through strategic infrastructure investments, with the company's focus on warehousing assets aligning with India's growing logistics and supply chain requirements.
According to The Economic Times and PTI, Sandeep Jain, CFO, NDR InvIT, stated that this successful fundraise is a testament to the institutional confidence reposed in the company and the quality of its assets. He emphasized that the participation of marquee investors is a validation of their long-term strategy of creating a diversified portfolio of high-quality infrastructure assets. The company remains committed to disciplined growth and delivering consistent and predictable returns to its investors, with the successful bond closure reflecting strong market demand for infrastructure-backed assets.
