TVS Infrastructure Trust Raises Rs 8.3 Billion via NCDs
ECONOMY & POLICY

TVS Infrastructure Trust Raises Rs 8.3 Billion via NCDs

TVS Infrastructure Trust, an Infrastructure Investment Trust sponsored by TVS Industrial & Logistics Parks, on Monday said it has raised Rs 8.3 billion under tranche one of its Rs 11 billion non-convertible debenture programme.

In a statement, the trust said the funds were raised through a 20-year long-tenor bond issuance, anchored by the National Bank for Financing Infrastructure and Development. The issuance extends up to 2046 and is among the first long-tenor bond offerings in India’s industrial infrastructure segment.

Ravi Swaminathan, Founder and Vice Chairman of TVS Industrial & Logistics Parks, said the transaction marks a milestone for the sector, enabling patient capital for the development of high-quality industrial infrastructure.

Samuel Joseph Jebaraj, Deputy Managing Director – Lending and Project Finance at NaBFID, said the investment aligns with the bank’s mandate to support institutionally governed infrastructure platforms that contribute to India’s sustainable economic development.

The bonds have been assigned an AAA rating by ICRA. TVS Industrial & Logistics Parks is backed by a diversified shareholder base of more than 150 investors, including global and domestic institutions, family offices and the International Finance Corporation.

TVS Infrastructure Trust, an Infrastructure Investment Trust sponsored by TVS Industrial & Logistics Parks, on Monday said it has raised Rs 8.3 billion under tranche one of its Rs 11 billion non-convertible debenture programme. In a statement, the trust said the funds were raised through a 20-year long-tenor bond issuance, anchored by the National Bank for Financing Infrastructure and Development. The issuance extends up to 2046 and is among the first long-tenor bond offerings in India’s industrial infrastructure segment. Ravi Swaminathan, Founder and Vice Chairman of TVS Industrial & Logistics Parks, said the transaction marks a milestone for the sector, enabling patient capital for the development of high-quality industrial infrastructure. Samuel Joseph Jebaraj, Deputy Managing Director – Lending and Project Finance at NaBFID, said the investment aligns with the bank’s mandate to support institutionally governed infrastructure platforms that contribute to India’s sustainable economic development. The bonds have been assigned an AAA rating by ICRA. TVS Industrial & Logistics Parks is backed by a diversified shareholder base of more than 150 investors, including global and domestic institutions, family offices and the International Finance Corporation.

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