+
TVS Infrastructure Trust Closes Rs 11 billion NCD Programme
ECONOMY & POLICY

TVS Infrastructure Trust Closes Rs 11 billion NCD Programme

TVS Infrastructure Trust has recently completed Tranche I of its Rs 11 billion Non-Convertible Debenture (NCD) programme, marking a significant milestone in India’s infrastructure financing landscape. The Infrastructure Investment Trust, sponsored by TVS Industrial & Logistics Parks, raised Rs 8.3 billion through a 20-year bond issuance, one of the longest-tenor transactions in the industrial and warehousing InvIT segment.

The issuance was anchored by National Bank for Financing Infrastructure and Development (NaBFID) and is among the lowest-cost, institutionally backed debt issuances in the sector. Rated AAA by ICRA, the bonds carry a competitive coupon of 7.42 per cent, reflecting strong asset-backed cash flows, conservative leverage and high governance standards.

The transaction positions TVS Infrastructure Trust as one of the earliest InvITs to align long-duration institutional capital with industrial infrastructure assets. The Trust plans to raise the remaining Rs 2.7 billion under Tranche II, subject to market conditions and strategic requirements.

The proceeds are expected to support balance sheet optimisation and portfolio expansion, with the Trust targeting growth to 20 million sq ft across key industrial and logistics markets, including emerging Tier II and Tier III cities.

TVS Infrastructure Trust has recently completed Tranche I of its Rs 11 billion Non-Convertible Debenture (NCD) programme, marking a significant milestone in India’s infrastructure financing landscape. The Infrastructure Investment Trust, sponsored by TVS Industrial & Logistics Parks, raised Rs 8.3 billion through a 20-year bond issuance, one of the longest-tenor transactions in the industrial and warehousing InvIT segment. The issuance was anchored by National Bank for Financing Infrastructure and Development (NaBFID) and is among the lowest-cost, institutionally backed debt issuances in the sector. Rated AAA by ICRA, the bonds carry a competitive coupon of 7.42 per cent, reflecting strong asset-backed cash flows, conservative leverage and high governance standards. The transaction positions TVS Infrastructure Trust as one of the earliest InvITs to align long-duration institutional capital with industrial infrastructure assets. The Trust plans to raise the remaining Rs 2.7 billion under Tranche II, subject to market conditions and strategic requirements. The proceeds are expected to support balance sheet optimisation and portfolio expansion, with the Trust targeting growth to 20 million sq ft across key industrial and logistics markets, including emerging Tier II and Tier III cities.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code