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Vertis Infrastructure Trust, formerly Highways Infrastructure Trust and a SEBI-registered InvIT, has raised INR 900 crore through a Sustainability-Linked Bond (SLB), marking a significant milestone in India's ESG-focused infrastructure financing. International Finance Corporation (IFC) has come on board as the anchor investor, reflecting growing global trust in India's green finance framework. The bond ties interest rates to ESG performance targets, aligning with international sustainability benchmarks.
Vertis Infrastructure Trust has raised INR 900 crore through a Sustainability-Linked Bond (SLB), a move signalling the maturing landscape of ESG-integrated infrastructure financing in India. The SEBI-registered Infrastructure Investment Trust (InvIT), which was previously known as Highways Infrastructure Trust, confirmed that International Finance Corporation (IFC) had taken the role of anchor investor in this issuance. Advertisement
The SLB has been structured with clearly defined sustainability performance targets. These targets directly influence the interest rate payable, thereby creating a financial incentive for meeting environmental and social benchmarks. The model is aligned with international best practices, aiming to integrate sustainability within the core of financial structuring.
According to Executive Director and Joint CEO Gaurav Chandna, this issuance reflects how Indian InvITs are embracing innovative financing mechanisms that are in line with global sustainability norms. He observed that the transaction underlines the sector's ability to align investor interest with long-term ESG commitments.
With IFC anchoring the transaction, the move not only demonstrates investor confidence in sustainable growth but also sets a precedent for other InvITs to adopt similar models. It marks a strategic shift toward financing that rewards climate-conscious performance, positioning India more prominently on the global green investment map.
Source - PTI
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