Mindspace Business Parks REIT Pioneers Green Finance with New Bond Issuance

Mindspace Business Parks REIT raised Rs 550 crore through green bonds, backed by the International Finance Corporation. This follows a Rs 650 crore funding via Sustainability-Linked Bonds in June 2024, marking a significant step in their sustainability efforts under SEBI's ESG framework.

Mindspace Business Parks REIT has successfully secured an additional Rs 550 crore through the issuance of green bonds, supported by the International Finance Corporation, the World Bank Group's private sector investment division.

The recent fundraising is supplementary to an initial Rs 650 crore garnered in June 2024 via Sustainability-Linked Bonds, showcasing a pioneering move in sustainable finance.

Ramesh Nair, Managing Director and CEO, highlighted the REIT's leadership in sustainability under SEBI's ESG framework, aiming to expand their green-certified spaces across multiple Indian regions.

(With inputs from agencies.)