Mumbai, March 25 NDR InvIT Trust announced on Wednesday that it has raised ₹410 crore through the issuance of bonds, primarily for acquiring a logistics and warehousing portfolio across key markets in the country.
The issuance was led by the International Finance Corporation (IFC), with participation from India Infrastructure Finance Company Limited (IIFCL), which subscribed to ₹205 crore of the total issue, NDR InviT said.
The bonds are secured, rated, listed, and redeemable non-convertible debentures with a tenor of 5 years and carry a coupon of 7.61%.
"NDR InviT announces the successful closure of its ₹410 crore bond issuance, which was fully subscribed, reflecting strong investor demand for high-quality infrastructure-backed assets," the company said.
The issuance has been rated AAA (Stable) by leading rating agencies, indicating a high degree of safety regarding the timely servicing of financial obligations, the company said, adding that the strong participation from marquee institutional investors underscores continued confidence in NDR InvIT's business model, asset quality, and growth strategy.
"This successful fundraise is a testament to the institutional confidence reposed in us and the quality of our assets. The participation of marquee investors is a validation of our long-term strategy of creating a diversified portfolio of high-quality infrastructure assets. We are committed to disciplined growth and delivering consistent and predictable returns to our investors," said Sandeep Jain, CFO, NDR InvIT.
The proceeds from the issuance will primarily be used 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, it said.
This capital raise will further strengthen NDR InvIT's platform and support its long-term growth plans in the infrastructure sector, the company stated.
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